The Statement at the time of the September announcement was neutral

I expect the Minutes to be along the same lines;

  • The assessment of domestic economic conditions should be a little better than previous
  • The bank also noted the higher house prices, so watch for more detail here

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ps. We'll also be getting Australia Bureau of Statistics house price data for Q2 at 0130GMT

Q2 House Price Index

  • expected +2.8% q/q, prior -0.2%
  • expected +5.1%, prior +6.8%