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AAP
AAP
Business
Poppy Johnston

RBA tipped to keep rates steady for 12th straight month

Most economists are expecting the Reserve Bank to keep rates on hold when it meets this week. (Dan Himbrechts/AAP PHOTOS)

Australia may be in the final chapters of its inflation saga but the Reserve Bank of Australia is still expected to hold off on interest rate cuts this week.

The central bank has kept the target cash rate on hold at 4.35 per cent for almost a year, a level it believes is high enough to slow the economy, weaken demand for goods and services, and bring down inflation.

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