RBA keeps cash rate steady at 1.5 per cent
The hold was widely expected. Photo: AAP
The Reserve Bank of Australia has left interest rates on hold at an historic low of 1.5 per cent as widely expected.
All 64 economists polled by Reuters expected the RBA to keep rates on hold at today’s meeting, the last of the year.
Markets are currently pricing in a 12 per cent chance the RBA will hike rates in 2017.
Over a longer-term outlook, 20 economists in the Reuters poll expect a rate hike by early 2018 compared to 15 who see a cut.
Topics: Interest Rates
Finance News
RBA mulls inflation as rate cuts put on hold
Finance News
Rivals offer jobs hope for Bonza workers
Finance News
Regional residents worse off if Bonza folds
Finance News
Tax return delay warning amid ATO expenses focus
Finance News
Woodside shareholders reject climate plan
Finance News
SA tops states’ economic leaderboard again
Finance News
Woolworths faces court over $1m pay bungle
Finance News