The Reserve Bank of Australia has left interest rates on hold at an historic low of 1.5 per cent as widely expected.
All 64 economists polled by Reuters expected the RBA to keep rates on hold at today’s meeting, the last of the year.
Markets are currently pricing in a 12 per cent chance the RBA will hike rates in 2017.
Over a longer-term outlook, 20 economists in the Reuters poll expect a rate hike by early 2018 compared to 15 who see a cut.
Live News
‘Moderate fall’: Property prices tipped to turn in 2024 as buyers feel interest rate pain
The Stats Guy: How the young, diverse and non-believing will get Australia to 30 million
Top tips on how to grab a Black Friday bargain
Hollywood studios return to Australia after SAG-AFTRA deal
Australians suffer higher electricity prices as networks rake in billions of excess profits
The pet name most loved by cat and dog owners
