RBA to keep rates at record lows until 2020 – Reuters Poll

The Reserve Bank of Australia (RBA) is seen extending its record spell of steady rates into 2020, according to a median forecast of economists polled by Reuters.

Key points

All but one of 43 economists polled see RBA holding the cash rate steady at 1.5 percent at the Dec. 4 meeting

The first rate rise since November 2010 seen in Q1 2020, unchanged from the previous poll.

23 of 38 respondents see at least one hike by March 2020, two predicted cuts

13 of 38 economists including ANZ, AMP, Perpetual, Westpac see no change in policy until mid-2020 vs. 9 in the previous poll.