VIEW: Bank desk views dollowing yesterday's.....>

RBA: VIEW: Bank desk views dollowing yesterday's RBA MonPol decision:

- CBA: The recent data flow, coupled with RBA commentary, suggests the decision

to leave policy unchanged was straight forward. We expect the RBA to be on hold

for the rest of 2018.

- Westpac: The Governor's decision statement was a little less positive on the

global front & acknowledged uncertainty around the rise in Australia's short

term wholesale interest rates, but retained the core view of growth averaging a

bit above 3%yr & an eventual lift in inflation. While there were again several

points of interest, the statement showed little substantive change. The RBA

still looks to be firmly on hold & prepared for a long wait. We confirm our long

held view that the cash rate will remain unchanged throughout 2018 & 2019.

- Barclays: The RBA continues to stick a cautious bias. This supports our view

that the RBA will stay on hold in '18, with the first rate hike likely to take

place in Q119. In our view, given the stubborn unemployment rate and high labour

force participation, spare capacity & inflation exp. are unlikely to change in

the near term, even if econ activity gathers pace.