RBA Cash Rate Seen on Hold at 4.35% Amid Softer Inflation Data

The Reserve Bank of Australia (RBA) is expected to hold its cash rate at 4.35% on Tuesday, according to a Reuters poll of 37 economists.

All 37 economists surveyed by Reuters believe that the RBA will maintain the current cash rate, leaving little room for surprise in the upcoming decision.

The unanimous expectation of a hold call suggests that the statement's language on inflation and hiking bias may be more significant than the rate itself for the Australian dollar.

A softening in the RBA's tone could weigh on the currency, while a reiterated willingness to hike further if needed could provide some support.