The Reserve Bank of Australia meet on Tuesday (local time, announcement due at 0330GMT) and expectations are for rates to be left on hold
But, says the Sydney Morning Herald over the weekend - an increasing number of economists/analysts expect a cut before the end of the year
HSBC chief economist Paul Bloxham -
- the RBA would remain "comfortably on hold"
Citi economist Josh Williamson -
- no rate change on Tuesday, but a cut ... in November ... "labour market is the key ... employment figures are not as good as they seem ... creating more jobs but underemployment is high, and the new jobs are generally low income jobs and distributed in such a way it won't help solve growth issues or support an improvement in consumption"
- A cut in November would likely be followed by another in six months
ANZ -
- two more rate cuts to 1.5 per cent in 2016
- because a lower dollar would not be enough to lower the jobless rate
