RBA to keep rates unchanged in Nov - Westpac

FXStreet (Bali) - According to Westpac's Chief Economist Bill Evans, the RBA is unlikely to cut its cash rate at Nov 3rd meeting despite mortgage rate increases.

Key Quotes

"Cut at 1 Dec meeting "is possible if confidence is hit hard by mortgage rate rises."

"Base scenario is for rates to remain on hold for remainder of 2015 and 2016."