Business

RBA tipped to hold rates

Kieran Salsone

ECONOMISTS are tipping the Reserve Bank to leave interest rates unchanged when it meets today.

All of the 28 economists surveyed by Bloomberg expect the RBA will hold the cash rate at 3.5 per cent for July.

Economists say recent strong employment figures and better-than-expected economic growth in the first quarter mean the RBA can sit tight this month.

Citi senior economist Joshua Williamson says recent developments in Europe add to the case for the RBA to leave the rate unchanged.

"There's probably a little bit more hope that we'll actually see a resolution to the sovereign debt crisis; that will avoid a break-up of the single currency area in Europe," he said.

Read more at ABC news online.

Topics:  cash rate, interest rates, rba


Local Real Estate

finda logo
Featured Real Estate
6/34 Remembrance... $275,000
Unit 2 2 1
13 Maxwell Brown... AUCTION
House 3 1 2
5 Nyoka Court... Interest above...
House 4 2 2
5 Serafini Court... Interest Above...
House 4 4 2

Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.