/VIEWS: Some bank desk views on yesterday's.....>

RBA: /VIEWS: Some bank desk views on yesterday's MonPol decision:

- CBA: The RBA remain optimistic about the global outlook. Although we note that

growth has slowed this year in Europe, the UK and Japan. The RBA seem

comfortable with the latest developments in the housing market. A slow pick up

in wages growth and inflation means that interest rates should stay on hold for

some time yet. We have a rate rise pencilled in for February 2019.

- TD: The policy statement dropped some redundant phrases, and aside from

realtime observations about European political wobbles and concerns about trade/

protectionism from US President Trump, it was a near-repeat of the May message

- Westpac: Overall, the June decision statement showed little substantive

change, retaining the broad picture of policy firmly on hold as a gradual move

back to trend growth and inflation on target comes through. The most notable

shift is a new comment implying the Bank is not particularly worried that a

further tightening in mortgage lending conditions will be disruptive. We confirm

our long held view that the official cash rate will remain unchanged throughout

2018 and 2019.