RBA preview: rate hike unlikely, but hawkish hold on tap amid sticky inflation

The Reserve Bank of Australia is widely expected to keep interest rates unchanged at the conclusion of a meeting on Tuesday, especially after recent inflation data showed mild cooling.

But given that inflation remains well above the RBA’s 2% to 3% annual target range, the central bank is expected to provide some hawkish signals, and is likely to signal rates will remain high for longer.

The RBA is likely to hold its benchmark cash rate at 4.35%. $S&P/ASX 200 OPIC (OXJO.AU)$ $ASX Ltd (ASX.AU)$