The Reserve Bank of Australia is expected to leave interest rates unchanged on Tuesday as it waits for the gradual easing of growth in the housing market to play out while hoping for economic growth to pick up.
All 13 economists surveyed by AAP expect the central bank to leave the cash rate steady at a record low of 1.5 per cent at its September board meeting.
The next move - likely to be higher - is widely expected to be by the middle of next year, with only one economist expecting RBA to move earlier, in the first quarter of 2018.
The RBA has previously flagged its steady stance as consumers adjust to an extended period of low wage growth and as APRA's measures to cap interest-only mortgage lending to slow down the housing market take effect.
The Reserve Bank will announce its interest rate decision at 1430 AEST on Tuesday.
Share
