A survey from Bloomberg reveals “just one” out of 27 economists are expecting the Reserve Bank to raise the cash rate in December, says Sky News Business Reporter Edward Boyd.
RBA set to keep cash rate on hold at 4.35 per cent
“The ASX rate tracker … gives a two per cent chance to interest rates going up tomorrow,” Mr Boyd told Sky News Australia.
The cash rate is widely predicted to stay on hold at 4.35 per cent 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.”
The Reserve Bank’s last meeting for the year will take place on December 5 and will return for its first new year board meeting in early February.News Related