Analysts starting to see greater likelihood of end to RBA cutting cycle
- Tuesday, 02 April 2013
The April 2 decision by the Reserve Bank of Australia (RBA) to leave the Australian cash rate unchanged, at 3 per cent, came as little surprise to local analysts. However, while post-decision commentary generally interprets the reserve bank's accompanying statement as little changed from the previous month, there is a gradually-growing suspicion that further rate cuts may now be less likely than had previously been expected.
