SYDNEY: Australia’s central bank is seen as all but certain to keep its cash rate at a record low of 1.5 percent at its monthly policy meeting next week, a Reuters poll of economists found. Out of 49 economists polled by Reuters, 48 forecast the Reserve Bank of Australia (RBA) would stand pat at its policy meeting on October 3.
The RBA eased twice last year but has since held steady as it balances the risk of fuelling further borrowing in the country’s red-hot property market against tepid inflation. Economists were asked what the cash rate would be after the next RBA meeting October and where rates would be at the end of each quarter until March 2019.