The Reserve Bank of Australia’s decision to keep rates on hold this week came as no surprise to financial markets and the majority of economists.
Comments from the RBA about expected economic growth suggested there is no sense of urgency to provide additional monetary policy stimulus, in the short term at least.
While that’s the view of the RBA and financial markets, Business Insider Australia wanted to see what economists thought of the decision. They asked nine prominent economists if they thought yesterday’s rate decision signalled the end of the RBA’s five-year long easing cycle, or is another rate cut still a possibility.
Find their answers here …