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POLL-Australia cash rates seen at record lows until end-2018

Published 27/04/2018, 11:07 am
© Reuters.  POLL-Australia cash rates seen at record lows until end-2018

* Open RBA poll data: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?s=GCR01+2H+7&st=Menu+G+C

* RBA decision due 0430 GMT Tuesday, May 1

SYDNEY, April 27 (Reuters) - Australia's central bank is seen as all but certain to keep its cash rate at a record low 1.5 percent at its monthly policy meeting next week, a Reuters poll of economists showed.

The Reserve Bank of Australia (RBA) last cut rates in August 2016, making the current stretch of stable rates the longest on record.

And this spell is likely to continue with a majority of analysts surveyed forecasting a steady outlook this year as the RBA awaits a pick up in wage growth and inflation. the 41 economists polled, 40 forecast the RBA would stand pat at its policy meeting on May 1 with one predicting a cut.

A rise in the cash rate to 1.75 percent is seen by March 2019, according to a median, with 19 of 41 analysts predicting at least one hike versus 15 who still see no change.

The cash rate is seen at 2.0 percent by September 2019, according to a median of 38 economists.

Eight respondents including Australia's biggest wealth manager AMP, Westpac Banking Corp and JP Morgan forecast a steady outlook across the horizon.

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