Local economists have predicted that the Reserve Bank of Australia (RBA) is likely to keep the official cash rate on hold this week (Tuesday) following their last Board meeting this year and that the chances of a rate cut in the coming year are slim as the economy strengthens.
The most recent survey by the Australian Associated Press (AAP) revealed that all of the top 14 economists agree the RBA will not cut the cash rate at its December Board meeting, while just eight of those surveyed expect a rate cut in 2014.
Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank - A Division of Bendigo and Adelaid Bank ABN 11 068 049 178 AFSL/Australian Credit Licence 237879.