Ahead of the Reserve Bank of Australia’s (RBA) cash rate decision today, June 18, one in five experts surveyed by Finder has predicted that the rate will remain on hold until July 2025.
Results of Finder’s RBA Cash Rate Survey revealed that all 38 experts and economists, who weighed in on future cash rate moves and other economic issues, believe the RBA will maintain the cash rate at 4.35% in June.
Graham Cooke, head of consumer research at Finder, said the consensus is that the RBA will hold the cash rate due to persistent inflation and mixed economic data.
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