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RBA UNLIKELY TO HIKE INTEREST RATES NEXT WEEK: ECONOMISTS.

Publication: AsiaPulse News
Publication Date: 30-MAR-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SYDNEY, March 30 Asia Pulse - Interest rates are unlikely to rise when the Reserve Bank of Australia (RBA) meets next week, the majority of economists surveyed by AAP say.

A survey of 19 economists found just seven expect a hike on Wednesday, despite recent comments from the central bank that underlying inflation was still too high.

However, 10 of the economists say the RBA could raise the overnight cash rate from 6.25 per cent some time in 2007, while two are forecasting a...

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