Nearly unanimous: Economists predict no change to interest rates
A MAJORITY of economists are tipping interest rates to remain on hold as the Reserve Bank begins deliberations. The bank’s board will begin two days of talks on Monday to determine whether the official cash rate will remain steady at 4.35 per cent. Reserve Bank governor Michelle Bullock will announce the board’s decision on Tuesday afternoon. Despite persistent economic pressures from the Middle East conflict and inflation levels above the bank’s preferred target range, a hold is considered likely. A Reuters survey of 45 economists found 42 expected the bank woul