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The Guardian - AU

National

Peter Hannam and Luca Ittimani

Reserve Bank tipped to hold interest rate but economists split on when cuts will start

RBA Reserve Bank Gareth Aird Saul Eslake CBA Michele Bullock Sally McManus Australia Inflation

Reserve Bank governor Michele Bullock will speak to the media an hour after the board’s interest rate decision is released — Reserve Bank governor Michele Bullock will speak to the media an hour after the board’s interest rate decision is released. Photograph: Bianca de Marchi/AAP

The Reserve Bank is widely tipped to leave its key interest rate on hold at this week’s board meeting, but economists are split on how soon borrowers can expect rate relief.

The central bank will announce the results of its second board meeting for 2024 on Tuesday. Pundits and investors alike anticipate the RBA will leave its cash rate unchanged at its 12-year high of 4.35%.

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