With issues in the housing market and below-target inflation, the RBA is unlikely to change rates, says Gareth Aird at Commonwealth Bank.
Australian consumer prices rose by less than expected last quarter while core inflation stayed stubbornly stuck at all-time lows.
Asian shares traded mostly higher on Tuesday with the exception of mainland China and Hong Kong markets weighed by continued yuan weakness.
The economic outlook for Australia in 2018 is a matter of concern, says Ivan Colhoun at National Australia Bank.
Softer economic conditions suggest there will be greater accommodation from the RBA next year, says Andrew Ticehurst at Nomura Australia.
Asian shares were higher, with Japan's benchmark index up on a Trump announcement that saw SoftBank shares gain smartly.
The Australian economy shrank for the first time in over five years last quarter.
Asian markets bounced back on Tuesday with the central bank in Australia holding its benchmark rate steady.
The RBA's commentary focused on recovering global commodity prices, but the domestic Q3 GDP print could be negative, says Nomura Australia's Andrew Ticehurst.
The decision was a widely expected one as it assesses the impact of past cuts in August and May.
Steven Milch at Suncorp talks about his expectations for GDP figures in Australia and the Reserve Bank of Australia's meeting.
Market expectations of a Federal Reserve move in December have risen to 92 percent according to an analyst.
Chinese markets traded higher after stronger-than-expected twin PMI surveys gave investors a boost of confidence.
The Reserve Bank of Australia held interest rates at 1.5 percent on Tuesday, a widely expected decision.
The RBA's decision was largely in line with expectation but a rate cut down the road shouldn't be ruled out, says Nomura Australia's Andrew Ticehurst.
It's unlikely the RBA will adjust the cash rate as core inflation was in line with forecasts, says Steven Milch, chief economist at Suncorp.
The RBA is expected to keep rates unchanged, while indicators to look at include inflation and the housing market, says Moodys Analytics's Emily Dabbs.
Central bank decisions are due out of the U.S., Japan and Australia this week, but most analysts aren't convinced that the time is right for rate moves.
Westpac Bank's Robert Rennie talks about what he expects from the Bank of Japan, the Reserve Bank of Australia and the Federal Reserve in the week ahead.
Asia markets fell across the board on Wednesday, with Australian shares leading losses as oil prices withdrew further.