No interest rates rises predicted for Philip Lowe’s final RBA board meeting

Economists say interest rate pause likely for about a year as ABS releases weaker-than-expected economic data

Get our morning and afternoon news emails, free app or daily news podcast

Financial markets are overwhelmingly confident the Reserve Bank governor, Philip Lowe, will use his final board meeting to leave the cash rate unchanged for a third month at 4.1%.

Lowe began as governor in 2016 with a lengthy interest rate plateau and economists say he will likely bequeath his successor, Michele Bullock, a similar spell of monetary policy monotony.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading…

About Author