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RBA tipped to keep rates on hold

 

The Reserve Bank of Australia is expected to leave interest rates unchanged for the 15th month in a row on Tuesday, as it considers recent data that has indicated a mixed trajectory for economic growth.

An AAP survey of 13 economists shows all are confident the central bank will leave the cash rate steady at a record low of 1.5 per cent at its November board meeting on Tuesday.

Most of the economists surveyed expect the RBA to start lifting rates by the second half of next year.

The central bank last month sounded optimistic about an upswing in non-mining investment and a healthy infrastructure pipeline, but signalled it remained worried that housing debt is growing faster than wages.

The Reserve Bank will announce its interest rate decision at 1430 AEDT on Tuesday.