AAP Survey: RBA expected to hold rates into New Year

Dhwani Mehta FXStreet

A majority of the economists surveyed by AAP noted that the Reserve Bank of Australia (RBA) is likely to leave its rates unchanged until the middle of next year.

Key findings from the Survey via financenine.com:

All 12 economists surveyed by AAP expect the RBA to leave rates steady at a record low of 1.5 per cent at its December board meeting on Tuesday.

AAP's calculation, based on the futures market, currently prices the chance of the central bank relieving borrowers - at just 2.48%.

Meanwhile economists at Citibank noted, "Governor Lowe is likely to take the advice of former Governor Glenn Stevens and chill out for at least a few months over the Australian summer."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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