Not one of the 28 economists surveyed by Bloomberg are expecting the RBA to cut interest rates at its monthly meeting tomorrow.
This is despite the latest capital expenditure survey by the Australia Bureau of Statistics showing business investment in Australia is contracting at its fastest rate in more than five years.
As quoted in The Sydney Morning Herald, UBS chief economist Scott Haslem described the estimate of investment plans in Australia as "recessionary."
Many economists are forecasting the RBA will cut interest rates again this year, with some even suggesting the cash rate could be as low as 1.5 per cent by the end of 2015.
The next easing cycle won't start tomorrow. But with the economy in the doldrums, the budget sugar-hit quickly wearing off, inflation subdued and unemployment stubbornly high, it looks like it's only a matter of time before the RBA cuts interest rates again.
