Will the Reserve Bank of Australia make no change to the target for the cash rate after the May Meeting?

“RBA has held rates steady since Nov 2023 amid persistent inflation. No strong economic shock or policy signal suggests a change at this meeting.”

“RBA often moves gradually and may prefer to hold if inflation/employment are near target. Without fresh shock context, a no-change decision at a scheduled meeting is more likely than a move.”

“Easing cycle suggests cut more likely than hold”