The Reserve Bank has left interest rates on hold at 2.5 per cent for the eighth straight month. No economists were left red faced following the bank's April board meeting, with all 33 economists surveyed by Bloomberg correctly forecasting the result. However, there is considerable disagreement emerging about the medium term outlook for rates, with some analysts forecasting rate rises later this year, some expecting the first increase sometime next year, and a shrinking handful still predicting one more rate cut.
more: Reserve Bank leaves interest rates on hold in April
The Reserve Bank has left interest rates on hold at 2.5 per cent for the eighth straight month. No economists were left red faced following the bank's April board meeting, with all 33 economists surveyed by Bloomberg correctly forecasting the result. However, there is considerable disagreement emerging about the medium term outlook for rates, with some analysts forecasting rate rises later this year, some expecting the first increase sometime next year, and a shrinking handful still predicting one more rate cut.
more: Reserve Bank leaves interest rates on hold in April
The Reserve Bank has left interest rates on hold at 2.5 per cent for the eighth straight month. No economists were left red faced following the bank's April board meeting, with all 33 economists surveyed by Bloomberg correctly forecasting the result. However, there is considerable disagreement emerging about the medium term outlook for rates, with some analysts forecasting rate rises later this year, some expecting the first increase sometime next year, and a shrinking handful still predicting one more rate cut.
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