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Rates Tipped to Remain Steady

October 3rd 2011

Interest rates are tipped to remain on hold for the 11th month in a row when the Reserve Bank board meets later today.

Picture: Brad Hunter

A poll of 21 economists by Bloomberg shows those surveyed think interest rates will again stay on hold, but some analysts believe the Reserve Bank will move to cut rates later this year.

ANZ’s head of Australian economics, Katie Dean, says risks to growth in the global economy have intensified.

“Those increasing downside risks are suggesting that interest rates here should actually be cut some time over the next couple of months,” she said.

Read the rest of the article at the ABC Website.

Source: ABC