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Reuters
Reuters
Business

Australia central bank seen keeping rates steady at October meeting - Reuters Poll

Pedestrians walk past the main entrance to the Reserve Bank of Australia building in central Sydney, Australia, October 3, 2016. REUTERS/David Gray

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

Out of 49 economists polled by Reuters, 48 forecast the Reserve Bank of Australia (RBA) would stand pat at its policy meeting on October 3.

The RBA eased twice last year but has since held steady as it balances the risk of fuelling further borrowing in the country's red-hot property market against tepid inflation.

While the majority predicted the central bank would keep rates steady until the middle of next year, 29 of 43 respondents forecast that it would tighten by December next year, against one who expects an easing.

Economists were asked what the cash rate would be after the next RBA meeting October and where rates would be at the end of each quarter until March 2019.

(Reporting by Tom Westbrook; Editing by Shri Navaratnam)

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