Forex Flash: RBA MPS inflation forecasts changes eyed - NAB

FXstreet.com (Barcelona) - The RBA's Statement on Monetary Policy (MPS) is due at 00:30GMT, and together with a bunch of Chinese indicators, including CPI, PPI (1:30GMT) industrial production, retail sales and investment (5.30GMT), will dominate Asia.

According to NAB Strategists: "The MPS should, in light of the RBA's public justification for the October rate cut, show at least a slight downgrade to some of the forward growth estimates. The August MPS shows these at 3% (mid-point) for all the GDP forecast from mid-2013 onwards. The inflation forecasts are unlikely to change from the 2-3% ranges presented in August. In themselves, the forecast changes are unlikely to inform us about the prospect for further rates cuts."