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RBA seen keeping rate on hold

The Reserve Bank of Australia is expected to leave the cash rate at a record low of 1.5 per cent.

The Reserve Bank of Australia is expected to leave interest rates unchanged as it waits for signs of a gradual improvement in economic growth to play out.

All 14 economists surveyed by AAP are confident the central bank will leave the cash rate steady at a record low of 1.5 per cent at its October board meeting on Tuesday.

Most of the economists surveyed expect the RBA to start lifting rates by the middle of next year or later.

RBA governor Philip Lowe last month said an expected lift in interest rates globally did not have automatic implications for Australia but would flow through to the local market over time.

The Reserve Bank will announce its interest rate decision at 1430 AEDT on Tuesday.


1 min read

Published

Source: AAP



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