FED:Economists expect RBA to sit pat on rates

AAP General News (Australia)
02-01-2011
FED:Economists expect RBA to sit pat on rates

Reserve Bank governor GLENN STEVENS gets his first chance to express his thoughts on
the floods this week .. and what impact they'll have on interest rates.

The central bank today holds its first board meeting since December .. and releases
its quarterly monetary policy statement on Friday.

Economists widely expect the official cash rate to remain unchanged at 4.75 per cent.

JP Morgan chief economist STEPHEN WALTERS says the chances of a near-term rate hike
were snuffed out by both the devastating floods .. and by last week's CPI result.

AAP RTV cb/sb/af/psm/

KEYWORD: ECONOMY (CANBERRA)

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