RBA meeting next week - preview - Cash rate to remain unchanged ...Middle East

The Reserve Bank of Australia meet on May 6 and 7. They are almost unanimously (1 of the 37 economists polled expects a hike) expected to leave the cash rate unchanged at 4.35%.the statement is due at 2.30 pm Sydney time, which is 0430 GMT and 0030 US Eastern timeGovernor Bullock will hold her press conference an hour laterReuters polling shows economists forecast just one interest rate cut this year. The previous survey was tipping two, but sticky inflation data is what has caused the change. As part of its report, Reuters have a few pertinent comments from analysts. BlackRock Australasia:"Services inflation is still a serious problem that has to be dealt with. And the most painless remedy

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