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The Guardian - AU

National

Peter Hannam Economics correspondent

Reserve Bank expected to leave interest rate untouched for seventh meeting in a row

RBA Gareth Aird Michele Bullock CBA Economy

Shoppers walk past sales signs on display in the window of a retail store at a shopping mall in Sydney — Household spending grew less than half the RBA’s expectations for the June quarter. Photograph: David Gray/Reuters

How soon the Reserve Bank might cut interest rates will be the focus for borrowers and economists alike when the central bank wraps up its latest meeting on Tuesday.

The governor, Michele Bullock, is expected to keep the RBA’s key rate unchanged for a seventh meeting in a row, according to a survey of 45 economists by Reuters. The bank lifted the rate 13 times between May 2022 and last November.

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