RBA: expect no policy change - Nomura

Analysts at Nomura expect no policy change from the Reserve Bank of Australia, and again expect to see no clear easing/tightening bias.

Key Quotes

“Its updated quarterly forecasts, due August 10, should also be little changed. We will be most interested in any observations around recent short-end funding pressures, and the local housing market, which is continuing to soften, albeit gently.”