INTEREST rates could stay on hold until April as the Reserve Bank considers soft economic indicators and listens to nervous retailers.
The bank meets tomorrow to decide on its next interest rate move, with no change expected.
"RBA governor Glenn Stevens has clearly indicated that the current level of interest rates is appropriate for the 'period ahead', given the additional increases in bank lending rates last month and the strong Australian dollar," AMP Capital chief economist Shane Oliver said yesterday.
"We don't anticipate the next tightening to come until April at the earliest.
"The soft patch in the economy shown in recent data also supports the case for interest rates staying where they are for now."
Economists claim to see "clear signals" from the RBA that rates will not be moving for some time.
Tim Blue From: The Australian December 06, 2010 12:00AM
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