A survey from Bloomberg reveals “just one” out of 27 economists is expecting the Reserve Bank to raise the cash rate in December, says Sky News Business Reporter Edward Boyd.
“The ASX rate tracker … gives a 2% chance of interest rates going up tomorrow,” Mr. Boyd said in the interview.
The cash rate is widely predicted to stay on hold at 4.35% in December.
“It looks like the Christmas gift is going to be the cash rate on hold … still the highest level since November 2011, but a hold nonetheless.”
On December 5th, the Reserve Bank of Australia will hold its last meeting this year and its first board meeting in early February next year.
- Published By Team Australia News