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

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