THE Reserve Bank of Australia is expected to hold off from raising official interest rates when it makes its monthly announcement today.
The RBA will make its highly anticipated interest rate announcement at 9.30am (AEST).
Economists and the federal government will be keenly awaiting the March national account figures, which also will be announced today.
Many analysts are tipping the economy grew about 0.7 per cent during the quarter, giving Australia an annual growth rate of less than three per cent.
The RBA board yesterday held its first meeting since lifting rates a quarter of a percentage point in May, but analysts are unanimous in expecting rates to be left on hold this month.
There are still concerns the RBA may raise rates again by the end of the year, as central banks around the world try to head off inflation and wind back the lax monetary policy of the past five years.
