Scheduled for 0230BST/1230AEST is the RBA.......>

RBA: Scheduled for 0230BST/1230AEST is the RBA Cash Rate Target announcements,

much of the opinions throughout the markets emulate BBG's surveyed predictions

of unchanged at 1.50% but Aussie bond markets are setting up, yields are up

across the curve. Below are a couple of banks notes summarised.

- CBA: The RBA is widely expected to leave the cash rate unchanged at 1.50% and

reiterate its neutral stance. AUD/USD may receive some limited support from

today's RBA policy decision. The Australian economic data has definitely

improved (CBA's manufacturing PMI rose to 53.8 in September) but we expect the

RBA to reinforce it is in no hurry to begin raising interest rates.

- NAB: Most of the focus today will be on the RBA post-Board Media Release at

2.30pm and what the statement says about the economy, including any amendment to

their language on the dollar other than to recognise the recent mini-rally in

the USD. This part of the statement will require some re-jigging, if only to

refresh it for the recent pull back in the Aussie. We'd expect the RBA to

continue acknowledging the evolving improvement in the domestic economy, giving

the RBA more confidence that growth is building.