FXStreet reports that strategists at UOB Group’s Quarterly Global Outlook noted the RBA will likely leave the OCR unchanged at 0.25% at the July 7 event.

“We do not see further reductions in the OCR. However, it is likely the RBA will keep it on hold for an extended period.”

“The focus will thus remain firmly on end-user rates via the yield curve target, as well as ensuring sufficient liquidity in bond markets and the free flow of credit to households and business.”