Rates expected to stay put
May 5, 2009
The Reserve Bank is expected to leave interest rates unchanged at its monthly board meeting today.
Last month it cut the cash rate by 25 basis points to three per cent, but the banks failed to pass on the reduction to homebuyers in full.
While economists and financial markets see little chance of another cut today, there's talk the key rate could come down to as low as two per cent by the end of the year.
