RBA to hold cash rate at 3.60% in May, but may need to raise again – Reuters poll

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Reserve Bank of Australia (RBA) will keep its interest rate unchanged at 3.6% on Tuesday for a second consecutive meeting to assess the impact of past hikes on inflation, per the latest survey of 34 economics.

Earlier in the day, Westpac also trimmed its Australia peak rate forecasts from 3.85% to 3.60%.

Also read: AUD/USD Price Analysis: Marches towards previous support near 0.6650

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