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AUSTRALIAN RESERVE BANK TO MEET TODAY, NO RATE RISE EXPECTED.
CANBERRA, June 1 Asia Pulse - The Reserve Bank board meets today with analysts confident it will hold fire on an interest rate rise despite strength in the economy.
The board last lifted rates in December, and since then auction clearance rates have fallen while house prices have also shown signs of easing.
High petrol prices are also expected to have dampened business conditions, with transport firms expected to introduce fuel surcharges.
But new figures released this week showed home lending up 1.6 per cent in April, leading to an annual growth rate of 20.4 per cent.
CommSec chief equities economist Craig James said the Reserve Bank would probably stay on the sidelines for a couple of months, although there was really no need to keep rates low.
"Keeping ...
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