ASX 200 LIVE: ASX to edge up; Westpac announces $1b buyback and special dividend

Reserve Bank governor Michele Bullock faces the prospect of upgrading the RBA’s inflation forecasts as market economists clamour for evidence from Tuesday’s policy statement that Australia’s cash rate could rise in 2024 in a retooled fight against inflation.

The RBA has vowed to “rely upon the data and the evolving assessment of risks” which forecasters such as GSFM’s Stephen Miller believe will yield a “hawkish tone” at this week’s meeting. He expects the RBA to keep the cash rate unchanged at 4.35 per cent on Tuesday, and is counting on a new rhetoric from the central bank’s communications in the statement or in Ms Bullock’s press conference.

Fenton, who heads up Sydney-based Sage Capital, was relying on his quantitative skills to look past the market’s fear that thewould hit demand for ResMed’s sleep apnoea devices and used it as an opportunity to buy more shares on the cheap.

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