Ahead of the upcoming RBA monetary policy meeting on August 6, the latest Reuters poll shows that economists expect the central bank to stand pat and keep its cash rate steady at 1%.
Key points:
“¢ 39/40 economists expect the RBA to hold the cash rate steady.
“¢ 25/40 economists see cash rate at 0.75% by year-end.
“¢ 13/40 economists see cash rate at 1.00% by year-end.
“¢ 2/40 economists see cash rate at 0.50% by year-end.
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