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RBA expected to leave rates on hold

Economists expect the central bank to keep rates on hold at its board meeting.

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Source: AAP


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Economists expect the central bank to keep rates on hold at its board meeting on Tuesday.

None of the 15 economists surveyed by AAP expect the Reserve Bank of Australia (RBA) to cut the cash rate at its April meeting, to be held in Melbourne.

Commsec economist Savanth Sebastian said the central bank appeared comfortable with the cash rate at its current 4.25 per cent and would hold from easing until stronger domestic data was published.

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"I've gathered from their last couple of speeches that they're almost content with where the economy is and where interest rate settings are," Mr Sebastian said.

"If anything, if they were going to shift their view on rates, it would be after the next round of inflation data is released in late April."

The RBA left rates on hold for the second consecutive month at its March meeting, after two consecutive rate cuts of 25 basis points each.


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