RBA coming up and a statement preview - RBS

FXStreet (Guatemala) - The RBA decision is due and analysts at RBS anticipate that the neutral outlook on the policy rate and the current language on the AUD will be left unaltered.

Key Quotes:

“The RBA will release its Statement on Monetary Policy a few days later, but the post decision press release that is given with the rate decision will likely allude to any possible adjustments to the outlook”.

“While the first quarter inflation print underwhelmed market expectations, we don't see it as out of line with the RBA's current forecast”.

“This likely leaves the RBA outlook as solidly neutral. The March trade balance for March is released in Australia as well”.