June 2, 2017 / 6:46 AM / 4 months ago

POLL-Australia c.bank seen keeping rates steady at June meeting

* For poll results click: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?s=GCR01+2H+7&st=Menu+G+C

* RBA decision due 0430 GMT Tuesday, June 6

SYDNEY, June 2 (Reuters) - Australia’s central bank is all but certain to keep its cash rate at a record low of 1.5 percent at its monthly policy meeting next week, a Reuters poll of economists found.

Out of 55 economists polled by Reuters, 53 forecast the Reserve Bank of Australia (RBA) would stand pat at its policy meeting on June 6, following two rate cuts last year, as it balances the risk of fuelling further borrowing in the country’s red-hot property market against tepid inflation.

While the majority predicted the central bank would keep rates steady until the middle of next year, half of the 44 respondents forecast that it would raise rates by September next year, against 5 who expect an easing. ---------------------------------------------------------------

Economists were asked what the cash rate would be after the next RBA meeting on June 6 and where rates would be at the end of September 2018. --------------------------------------------------------------- (Reporting by Cecile Lefort; Editing by Jacqueline Wong)

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