To hike or to hold? The case for each as RBA weighs interest rate decision
by Peter Hannam Economics correspondent from World news | The Guardian on (#6PQWK)
Inflation has been stubborn but the Reserve Bank has much to consider for its cash rate announcement at 2.30pm on Tuesday
The Reserve Bank of Australia will probably only weigh up two cases - to hike or to hold its cash rate - before revealing its verdict at 2.30pm on Tuesday (AEST).
The central bank appears unlikely to lift interest rates after weaker than expected inflation figures came out last week, but it will consider the price rises as well as labour figures and GDP in its decision.
Continue reading...