Australia c.bank seen extending record run of stable rates
* RBA decision due 0430 GMT Tuesday, Sept. 4
SYDNEY, Aug 31 (Reuters) - Australia's central bank will
likely extend its record stretch of stable rates well into next
year, a Reuters poll of 42 economists found on Friday, with a
25-basis-point hike not expected before end-2019.
The Reserve Bank of Australia (RBA) last cut rates to 1.50
percent in August 2016, and with inflation staying low, markets
are settled in for a prolonged period of steady policy.
RBA Governor Philip Lowe has repeatedly said rates will stay
at record lows for some time to come as inflation lingers
stubbornly below the bank's 2-3 percent target band.
The RBA last raised rates in November 2010 to 4.75 percent.
Of the 42 economists polled, 41 forecast the RBA would stand
pat at its policy meeting on Sept.4, with one predicting a cut.
The median results are unchanged from the previous survey
although a greater number of analysts now expect the RBA to stay
on the sidelines until 2020.
Of the 34 economists who extended forecasts into 2020, 11
see a steady outlook, including Perpetual, Bank of
America-Merrill Lynch, AMP, JPMorgan, Standard Chartered and
That compared with eight in the last poll on Aug.3.
(Reporting by Swati Pandey
Editing by Darren Schuettler)
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