VIEW: Bank desk views ahead of today's RBA......>

RBA: VIEW: Bank desk views ahead of today's RBA MonPol Decision:

- ANZ: We exp. the RBA to remain upbeat, with further progress in reducing

unemployment & having inflation return to tgt continuing to be the central exp.

- CBA: We exp. the accompanying Statement to include fairly upbeat messages on

the global and domestic economic outlook. However soft wages growth and

inflationary pressures and a cooling housing market mean that the RBA is in no

hurry to lift interest rates.

- NAB: Given the RBNZ's seemingly dovish tone on Thursday, the market will be

asking whether the RBA follows suit. Gov Lowe has reiterated that the Bank is

comfortable holding rates in the face of slow-moving wages and inflation (not

wanting to push the pace for household leverage reasons), but expressed worries

over trade policy tensions. Both will likely remain in his post-meeting

Statement, rates remaining on hold again.

- Westpac: The substantive parts of the statement are likely to remain

unchanged. Indeed, if anything, developments and RBA commentary over the last

month suggest the going could be even slower.