The Reserve Bank of Australia cash rate is currently at 4.35%.
Via Reuters poll:
- All 29 economists in the Jan. 31-Feb. 1 poll expected the RBA to hold its official cash rate <AUCBIR=ECI> at 4.35%
- None expected further hikes in this cycle
- ANZ and NAB saw the first rate cut in November
- CBA and Westpac forecast it in September
I posted earlier on an opinion that there won’t be a rate cut soon at all:
The cash rate is above the inflation rate for the first time in this rate hike cycle.
This article was written by Eamonn Sheridan at www.forexlive.com. Source