Domain announced on Tuesday that the Reserve Bank has decided to keep official interest rates unchanged at the record low 1.75 per cent over July.
But they further argue that “with continuing signs of weakening local economic activity and growing concerns over the state of the international economy, the likelihood is increasing of a cut in rates over coming months.”
Some economists are hinting at an August cut. Time will tell.
Here are some articles covering the latest RBA decision and what it means for the economy.
Here’s what economists are saying about the July RBA decision – Business Insider Australia
RBA holds rates amid political uncertainty – Realestate.com.au