Most Australians are expecting more reductions in the official interest rate by the Reserve Bank of Australia (RBA), according to a national survey by leading mortgage broker Loan Market.
The Loan Market poll which asked “What action do you expect the Reserve Bank will take on the cash rate in the coming months?’ found 39 per of the respondents expect the RBA to cut rates again at its next board meeting on December 6.
Twenty six per cent of the 555 online poll respondents believed the central bank would lower the cash rate early next year.
Twenty seven per cent of those surveyed thought rates would stay on hold for the next six months, while only eight per cent are anticipating a rate rise in the near future.
