The RBA has now observed a key rate unchanged at 1.50% until early 2021

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According to the latest survey of economists Reuters

RBA
  • 41 economists out of 41 estimate that the key rate remains unchanged this year at 1.50%
  • 28/41 (median), economists see the cash rate unchanged at least until the first quarter of 2021
  • 10/37 economists expect a rate cut from here the end of next year (previously 7)

ForexLive

If you want information on the challenges facing the RBA, you can refer to this message from last year. Just add a softening of the housing market and the trade dispute between the United States and China (slowdown of the global economy as well) and you have a summary of what limits the ability of the central bank to tighten its policy monetary.

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