Poll shows expectations are for the Reserve Bank of Australia to stay on hold next week

The latest poll on the Reserve Bank of Australia from Reuters, in brief:RBA to hold steady in April: All 39 economists surveyed by Reuters expect the Reserve Bank of Australia to keep the cash rate at 4.10% on April 1.Two cuts expected in 2025: Median forecast sees 25 bps cuts in May and September, bringing the rate to 3.60% by Q3.Cautious easing approach: RBA is likely to cut gradually due to still-elevated core inflation (3.2%), low unemployment, and recovering growth.May cut hinges on inflation data: Around 75% of economists expect a cut in May, pending Q1 inflation results.Major banks aligned on April: ANZ, CBA, NAB, and Westpac all expect rates to remain unchanged next week but differ on the pace and depth of easing.Market pricing in line: Interest rate futures broadly reflect the poll's expectations.RBA wary of over-easing: Analysts say the RBA is aware that deep rate cuts could reignite inflation due to ongoing supply constraints.The RBA statement will be at 2.30 pm Sydney time on April 1:0330 GMT2330 US Eastern timeReserve Bank of Australia Governor Bullock's new conference will follow an hour after. Earlier:Westpac sees April RBA meeting as ‘dead rubber’, still eyes May rate cut This article was written by Eamonn Sheridan at www.forexlive.com.

The latest poll on the Reserve Bank of Australia from Reuters, in brief: RBA to hold steady in April: All 39 economists surveyed by Reuters expect the Reserve Bank of Australia to keep the cash rate at 4.10% on April 1. Two cuts expected in 2025: Median forecast sees 25 bps cuts in May and September, bringing the rate to 3.

60% by Q3. Cautious easing approach: RBA is likely to cut gradually due to still-elevated core inflation (3.2%), low unemployment, and recovering growth.

May cut hinges on inflation data: Around 75% of economists expect a cut in May, pending Q1 inflation results. Major banks aligned on April: ANZ, CBA, NAB, and Westpac all expect rates to remain unchanged next week but differ on the pace and depth of easing. Market pricing in line: Interest rate futures broadly reflect the poll's expectations.

RBA wary of over-easing: Analysts say the RBA is aware that deep rate cuts could reignite inflation due to ongoing supply constraints. The RBA statement will be at 2.30 pm Sydney time on April 1: 0330 GMT 2330 US Eastern time Reserve Bank of Australia Governor Bullock's new conference will follow an hour after.

Earlier: Westpac sees April RBA meeting as ‘dead rubber’, still eyes May rate cut.