RBA seen keeping interest rate at record lows until end-2018: Reuters Poll
|The Reserve Bank of Australia (RBA) is seen keeping interest rate unchanged at the record low of 1.5 percent until end-2018 as the central bank awaits pickup in the wage price inflation, a Reuters poll of economists showed.
Key points (Source: Reuters)
- 40 out of 41 economists polled see Reserve Bank of Australia holding the cash rate steady at 1.5 pct at may 1 meeting
- Rate outlook seen unchanged until end-2018 - median of 41 analysts
- 19 of 41 respondents see rate at 1.75 pct by March 2019, 6 forecast two hikes, 15 predict the steady outlook
- RBA cash rates seen at 2.0 pct by Sept 2019 - median of 38 respondents
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.