RBA likely to stand pat until mid-2020 – Reuters poll

According to the latest Reuters poll of economists, a majority of them believe that the Reserve Bank of Australia (RBA) will keep its Official Cash Rate (OCR) on hold until mid-2020.

Key Findings:

RBA likely to stand pat next year.

18 of 31 economists predict rates to stay unchanged through mid-2020.

11 of 31 economists forecast at least one hike by March 2020 (previously 23 of 38).