Goldman Sachs: What we expect from the July RBA meeting ...Middle East

Key Points:

Statement Expectations:• Final section of the statement likely to remain little changed, still highlighting inflation around target and policy remaining “somewhat restrictive”.• Likely removal of references to a “severe downside scenario” since there is no updated Statement on Monetary Policy forecast round.• Expectation for incrementally more dovish tone on private demand, but the labour market still described as “tight”.

Conclusion:

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This article was written by Adam Button at www.forexlive.com.

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