RBA will ‘certainly’ leave rates on hold during Tuesday’s meeting

CommSec’s Tom Piotrowski says the Reserve Bank will “certainly” leave rates on hold at their meeting today and there are hopes of a “softening” in discussion around further rate increases. The Reserve Bank of Australia will meet for the first time in 2024 on Tuesday to make their decision on the official cash rate, which currently sits at 4.35 per cent. “They’re certainly going to leave rates on hold, but there’s a far more expansive format to the RBA’s decision,” Mr Piotrowski told Sky News Australia. “No decision expected today to move interest rates; however, in the light of the moderation in inflation over the course of the last quarter, there are some hopes that you’ll see a softening in the RBA’s discussion around the potential for future rate increases. “That’s what the markets have calibrated their expectation towards.” Presented by CommSec.