An apparent wilting desire to raise interest rates means that the Reserve Bank of Australia will leave interest rates at 1.5% at the policy meeting on Tuesday 3rd July and probably won’t raise rates until late in 2019. If anything, the chances have increased that rates won’t be raised until 2020. That could contribute to a further weakening of the Australian dollar from US$0.74 now to US$0.72, or below, by the end of this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services