Analysts predict RBA will leave cash rate at 3.6% for second consecutive month

But CBA, the nation’s largest mortgage lender, thinks a rise to 3.85% is likely before cuts start in November

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Australian borrowers face only an outside chance the Reserve Bank will lift its interest rate on Tuesday, with markets and most economists tipping the central bank will extend its pause for a second month.

The RBA board will probably leave its cash rate at 3.6% when it reveals its verdict at 2.30pm (AEST). The central bank broke its record run of 10 consecutive rate rise increases at its April meeting while indicating its job of curbing inflation may not be over.

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