AM Notes: No change for RBA
Not much going on overnight: risk sentiment looking a tiny bit negative, and USD in demand but nothing overly concerning.
Japan & China markets remain closed.
- The Bank's central scenario for GDP growth has been revised up further, with growth of 4¾ per cent expected over 2021 and 3½ per cent over 2022.
- A pick-up in business investment is expected and household spending will be supported by the strengthening in balance sheets over the past year.
- The unemployment rate is expected to continue to decline, to be around 5 per cent