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Australia central bank to stand pat on rates at December meeting: Reuters poll
December 2, 2016 / 3:41 AM / a year ago

Australia central bank to stand pat on rates at December meeting: Reuters poll

SYDNEY (Reuters) - Australia’s central bank is seen certain to keep its cash rate at a record low of 1.5 percent at its monthly policy meeting next week, a Reuters poll of economists found on Friday.

A pedestrian walks past the Reserve Bank of Australia building in central Sydney April 23, 2010. REUTERS/Daniel Munoz/File Photo

All 64 economists polled forecast the Reserve Bank of Australia (RBA) would stand pat on Tuesday, following cuts in May and August.

Seventeen respondents expect at least one more easing by mid-2017 against 29 polled last month. On the longer term, opinions are far more divided with 20 economists forecasting a rate hike by early 2018, against 15 seeing a cut.

Editing by Shri Navaratnam

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