Here's a preview of the Reserve Bank of Australia monetary policy meeting on Tuesday (5 April 2016)

Let's start with the "RBA shadow board", a group run out of the Australian National University

  • The shadows are tipping no change in the cash rate
  • They cite the outlook for the Australian economy, which is little changed from last month and thus no reason for the RBA to change policy

From Morgan Stanley in Australia:

  • A cut is not likely
  • But the rising AUD means the possibility is still 'live'

Citi:

  • They say the meeting is not 'live'
  • Citing it being too early for the RBA to decide on whether the rising AUD justifies a cut - its, "not obvious that cutting rates would lower the Australian dollar materially when commodity prices have risen and the Fed is offering more dovish guidance than was expected"

Commonwealth Bank of Australia:

  • Stronger AUD is feeding into the debate of interest rates ... a move from the RBA depends on how the bank "views the Australian dollar's trajectory and how that will feed back into the inflation and growth outlook"

Previews I have posted earlier on Tuesday's meeting:

  • Westpac - We expect that the Board will decide to hold rates steady
  • CommSec are a no also: fewer reasons for the Reserve Bank to even be thinking about cutting interest rates
  • More detail from CBA: RBA is on hold