5th September 2011: Rates Tipped to Stay on Hold

Official interest rates are tipped to remain on hold for the 10th straight month when the Reserve Bank board meets later today.

A survey of 25 economists by Bloomberg shows all of them expect the cash rate will be left at its current level of 4.75 per cent in September.

HSBC's chief economist in Australia, Paul Bloxham, says the RBA probably will not offer any clues on the timing of the next rates movement.

Read the rest of the article on the ABC website.

Source: ABC