The Reserve Bank of Australia (RBA) will almost certainly keep interest rates on hold at 1.50% when it meets on Tuesday 4th July. And while the sustained improvement in the labour market in recent months has quashed any talk of a further interest rate cut later this year, we expect that slow economic growth and persistently weak underlying inflation will prevent the RBA from raising rates this year or next 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