The Reserve Bank has held fire once again but economists say another interest rate cut is definitely on the way.
The RBA kept the cash rate unchanged at a record low 2.25 per cent on Tuesday but indicated a cut remains on the table.
The board had judged it appropriate to hold rates steady "for the time being" but would "continue to assess the case for such action at forthcoming meetings".
CommSec economist Savanth Sebastian says another cut is on the way - the RBA is just trying to get the timing right.
"The RBA would no doubt be discussing another rate cut - it's more a tactical decision of when to cut rates, rather than if," Mr Sebastian said.
"The RBA is tactically thinking, what's the greatest bang for your buck when it comes to a lift in confidence levels?
"They may feel that cutting next month, after inflation figures are released and just before the federal budget, might be a better outcome to inspire confidence rather than cutting now."
Mr Sebastian said Tuesday's decision would have been a "very, very close one", given the continued strength of the Australian dollar in the face of collapsing iron ore prices.
ANZ senior economist Riki Polygenis said Tuesday's statement had made it clear that booming property prices in some markets would not hold the RBA back from cutting rates again.
She said the RBA's line "for the time being" was typically followed by a rate change.
"We're still expecting a further cut, most likely at the May meeting," she said.
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