VIEWS: Bank Desk Views On Today's RBA MonPol....>

RBA: VIEWS: Bank Desk Views On Today's RBA MonPol Decision:

- RBC: Another steady verdict is universally anticipated & we exp. the key

concluding paragraph to remain unch. Key global developments since the board

last met (weaker equities, mixed activity & ongoing trade tensions) hint at a

cautious tone on the international front but the domestic picture is more mixed.

A stronger labour mkt is likely to give the RBA confidence that slack is being

absorbed & despite the weaker Q3 CPI this supports their long held base case

- TD: Recent data confirms the Bank's optimism. Any changes to forecasts are

likely to be limited to Dec'18 forecasts, while longer term forecasts should

remain largely unchanged.

- Westpac: The RBA will again hold rates unchanged at their November meeting, as

they have since they last cut rates in August 2016. The Governor's decision

statement will repeat the line that: "further progress in reducing unemployment

and having inflation return to target is expected, although this progress is

likely to be gradual". We expect the RBA cash rate to remain unchanged at 1.50%

throughout 2018, 2019, and during 2020.