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



Join the Community.

Get your local news, your way.

Stay Connected

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

Calm weather with up to two-metre swells at Tweed

Waves might look like this.

Surf conditions for the beach this weekend.

Feast of street food trucks into Harbour

FEAST FOR FOODIES: Mat Whalley, Kat Creasey, Chico Green and Trevor Braga from Food Kartel and Destination Tweed CEO Bill Tatchell are looking forward to the Tweed Food Truck Extravaganza.

Food Trucks will descend on Tweed Heads for a street food fiesta

Upmarket beach townhouse

Real Estate: 4/45 Kingscliff Street, Kingscliff NSW.

Take a look inside this stylish Kingscliff townhouse conversion

Latest deals and offers


How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

VIDEO: Art Deco fan pays $835,000 for Imperial Hotel

No Caption

Iconic "Impy" sold at a bargan price to bidder who loves Art Deco.

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances