Tweet Talk takes the best of Twitter and brings it to you. Today, economists weigh in on the move they think the RBA will make on interest rates for April.
Many commentators feel the Reserve Bank has one more downward move to the complete this easing cycle but few are predicting it to come today, with the consensus on Twitter reflecting that of surveyed economists.
"On hold today. Local data last week wasn’t great but no need to push the panic button. Next move may still be up later in year," he tweeted.
"Stable. No reason for a change in either direction," he wrote.
Arab Bank Australia treasury dealer David Scutt (@David_Scutt) said the April read would be similar to March.
"#RBA no change with a near-carbon copy of the #March statement. Watch tone on housing, labour market & tradable inflation," he said.
AMP Capital chief economist Shane Oliver (@ShaneOliverAMP) wrote earlier last week that there was still room for more easing in the cycle.
"Feb credit still weak at 0.2% ( 3.4%yoy) & ABS job vacancies -10% 3 mths to Feb. TD inf gauge benign. Risk on #RBA rates still on downside," he said.
But Business Spectator columnist and Market Economics managing director Stephen Koukoulas (@TheKouk) said housing would make the board think twice before easing again.
"House prices up 2.8% in March qtr - a solid rise showing how monetary policy works. But RBA wary of too much of a good thing. No more cuts," he said.
Eureka Report investment strategist Adam Carr (@AdamCarrEcon) called for a rate rise, but didn't expect one, saying he was "hawkish" on rates because the economy was stronger than the public consensus.
"If you cut rates too low, eventually the snap back comes and sometimes hard - too hard - it always seems to catch rate cut nuts off guard," he wrote.