Another cash rate hold is expected ahead of the central bank’s June monetary policy meeting.

Major bank economists have predicted the Reserve Bank of Australia (RBA) to leave the official cash rate on hold at 4.35 per cent during its upcoming June monetary policy decision.

The board is expected to retain the same stance on the potential movement of interest rates much like what was heard from RBA governor Michele Bullock following the May monetary policy meeting.

Commenting on the upcoming decision, Westpac senior economist Matthew Hassan said recent data will “provide some comfort” that restrictive policy is bringing inflation back to target; however, he noted the “path is still uncertain”.

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