Economists expect cash rate to stay at record low 2% after May’s pre-budget cut, but will be looking at the bank’s statement for clues about future movesThe Reserve Bank is widely expected to keep interest rates on hold when it meets this week.CommSec’s chief economist, Craig James, has said most economists feel the cash rate will remain unchanged at a record low of two per cent after the RBA’s monthly board meeting on Tuesday. Related: Stock markets unsettled by Greek debt deal uncertainty and cash exodus Continue reading...
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