Poll shows analysts unanimous in expecting the RBA to remain on hold at February meeting

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

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I posted earlier on an opinion that there won’t be a rate cut soon at all:

• Ex-RBA board member says the Australian cash rate may stay around 4.5% for a long time

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