VIEWS: Bank desk views on yesterday's RBA.......>

RBA: VIEWS: Bank desk views on yesterday's RBA MonPol decision:

- Barclays: The recent recovery in growth indicators is positive, but that this

is not enough for the RBA to change its neutral stance. We maintain our f'cast

that the next move will be a hike. We believe the domestic econ backdrop remains

robust, which augurs for higher rates over the next 12-18 months, but we

acknowledge that our f'cast of 50bp of hikes in H119 faces risk of delay.

- RBC: A steady RBA for the foreseeable, with the risk to our base case for 50bp

of tightening in H119 skewed to a later start. As global developments become

increasingly important to the pol debate, the RBA debate becomes more complex.

- TD: We still tilt towards a more hawkish tone heading into '19, as inflation &

wages growth 'off the floor' does not require the cash rate to remain at record

low levels. Only material downside surprises to both will shift this view.

- Westpac: Westpac has long held the view that the cash rate will remain on hold

over the course of '18 & '19. In his statement, the Governor does not provide a

convincing commentary that wage pressures can be exp. to lift.