Not much is the short answer. Most bank analysts here in Australia are expecting the core of the statement and all language to stay the same, though there is likely to be a reference to the recent low CPI data and of course the ‘historically high’ AUD.
There have been a few buyers noted this morning but local dealers tell me that they are more comfortable (and feel more protected) being short going into the event. This suggests that there are decent sell orders above the market.