### The RBA are expected to keep rates on.......>

RBA: ### The RBA are expected to keep rates on hold at 1.50% for the 17th

consecutive month, decision at 0330GMT/1430AEDT. Bank views (1/3)- ANZ: While

the cash rate will remain on hold, we think the tone of the RBA commentary will

be more upbeat after a positive run of data both domestically and globally. The

higher AUD provides a bit of an offset and may see some refinement to the RBA's

commentary around the currency, but its move in trade weighted terms since

November is minimal and commodity prices are stronger so concern should be

limited. We are also looking for a lower unemployment forecast.

- RBC: 3 key developments since the board last met in early December. Firstly,

global activity data continue to highlight momentum, with G7 central banks

continuing to shift toward the removal of policy accommodation. Secondly,

domestic employment data and key business surveys have been strong although

inflation remains modest. Thirdly, AUD/USD has appreciated by ~6.5% and ~3.5% on

a TWI basis. On balance, these developments point to upbeat and positive

communication from the RBA, although there may be some caution around the

currency. We expect no substantial changes to the key macro forecasts.