Interest rate freeze expected

Economists have predicted the central bank will freeze interest rates tomorrow, as instability continues in the EU and question marks hang over Chinese growth.

1 min read

Published 31 May 2010 10:36am

Updated 24 February 2015 2:56pm

Source: AAP

Share this with family and friends

The central bank is widely expected to give borrowers a breather next month, as instability in Europe continues to weigh on markets and question marks hang over Chinese growth.

All 17 economists polled by AAP say the Reserve Bank will leave the cash rate of 4.5 per cent unchanged tomorrow, at its June board meeting.

They predict interest rates will rise to between 4.75 and 5.25 per cent by the end of the year.

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.