• For the RBA meeting today the market is split on whether the Bank will cut the policy rate. 
• RBC is calling for the board to leave the cash rate at 2.25%, leaving more time to digest the impact of the February easing. 
• So far, data have been soft, but in line with remarks in the Statement on Monetary Policy. 
• With 12bps of cuts priced-in for today's meeting and 18/29 economists calling for a cut, a decision to hold rates steady should be AUD-positive.