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AUSTRALIA'S RBA TIPPED TO LEAVE CASH RATE UNCHANGED.
CANBERRA, July 1 Asia Pulse - Households look set to gain the full benefit of a new round of tax cuts which begin today as the Reserve Bank of Australia (RBA) is widely expected to leave its cash rate unchanged for now.
The RBA holds its monthly board meeting later today, and economists are tipping that it will leave its key rate unchanged at 7.25 per cent for a fourth straight month.
Economists says 12-year high interest rates and record petrol prices have combined to slow domestic demand, which should tame price pressures over time.
Underlying inflation is running at a 16-year ...
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Source: HighBeam Research, AUSTRALIA'S RBA TIPPED TO LEAVE CASH RATE UNCHANGED.