Australia & New Zealand Economics

RBA Watch

27 April, 2017

Why we are no longer expecting more rate cuts

The Reserve Bank of Australia will almost certainly leave interest rates on hold at 1.5% at the meeting on Tuesday 2nd May and, in a change to our central forecast, we now no longer expect it to cut rates further this year. That said, interest rates are still more likely to fall this year than rise and we doubt that rates will increase next year at all. We still expect the Australian dollar to weaken from US$0.75 now, but we have raised our forecast for the end of 2017 from US$0.65 to US$0.70.

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.