RBA seen on hold this week – UOB

Economist at UOB Group Lee Sue Ann expects the RBA to refrain from acting on rates at the Tuesday’s meeting.

Key Quotes

“Following the RBA’s meeting in July, we have affirmed our view that the conditions for rate hikes are unlikely to be met until at least late 2023.”

“Meanwhile, we expect its QE program to be extended again in November, with a further reduction in the pace of purchases likely.”