Nomura Research discusses its expectations for this week's RBA September policy meeting.
"We have the RBA policy meeting on Tuesday (7 September). We saw stronger-than-expected Q2 21 GDP growth, and the quality looked good too. While the Q3 2021 GDP growth could record a sharp drop, we expect the RBA to take some comfort from last week’s data," Nomura notes.
"We are now more confident it will stick with its modest QE taper plan, slowing its bond buying program to AUD4bn/week. This would likely give AUD some further modest near-term support," Nomura adds.