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RBA expected to hold interest rates 2 месяца назад


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RBA expected to hold interest rates

It’s widely anticipated there will be no change to the interest rate when the Reserve Bank board meets today despite a struggling economy. The general consensus among economists is that the RBA will leave the cash rate on hold at 4.35 per cent in March. Commonwealth and Westpac are tipping a rate cut to happen in September, while NAB and ANZ expect it to happen in November. This comes after it was revealed earlier this month that Australia’s gross domestic product (GDP) rose 0.2 per cent in the December quarter. Meanwhile, the inflation rate is sitting at 4.1 per cent, which is still above the RBA’s target of between two to three per cent.

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