Australian Reserve Bank tipped to hold rate steady

  • Australia’s Reserve Bank is likely to hold the cash rate this month, but the soaring Australian dollar is becoming a concern.

Fifteen economists surveyed by AAP expected the central bank to keep the cash rate at a record low 2.0 per cent for a 12th consecutive month at its Tuesday meeting.

READ MORE VIA NZHERALD

RB

Reserve Bank of Australia Governor Glenn Stevens speaks before the House Of Representatives standing committee. Photo / Getty Image

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