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Business

Poppy Johnston

US recession fears 'nail in coffin' for RBA hike chance

RBA United States Recession David Bassanese Inflation Paul Bloxham Economy

Fears of a recession in the US are having an impact on Australian monetary policy and sharemarket. (Mick Tsikas/AAP PHOTOS)

Recession worries in the United States will only bolster the case for keeping interest rates on hold in Australia at the looming Reserve Bank of Australia meeting.

Economists broadly agreed there would be no movement in the official interest rate on Tuesday following as-expected June quarter inflation numbers.

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