RBA tipped to hold rate ahead of GDP data

The RBA is expected to hold the cash rate at 1.5 per cent ahead of GDP figures that give Australia the record for the longest run without a recession.

Economists expect the Reserve Bank of Australia to leave its benchmark interest rate on hold. (AAP)

Economists expect the Reserve Bank of Australia to leave its benchmark interest rate on hold for a 10th consecutive month when it meets on Tuesday.

Eight economists surveyed by AAP expect the RBA to leave the cash rate steady at a record low of 1.5 per cent at the June board meeting.

The board meets on the eve of the release of quarterly GDP figures that will show Australia has beaten the Netherlands' record for the longest run without a recession.

But an expected slowdown in growth - with NAB economists even tipping a 0.1 per cent contraction - adds to the balancing act faced by the RBA.

"The overall picture is one of sub-par growth running well below that assumed by the RBA and in the budget," AMP chief economist Shane Oliver said.

"In our view, this all points to the rising risk of another interest rate cut."

The central bank wants to keep downward pressure on household debt while being mindful of faltering consumer spending, low wage growth and inflation only just creeping back into the RBA's target band.

Most economists expect the RBA to remain on hold at least through 2017.