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Australian home owners are expected to be spared a fourth rate hike this year, with the country's Reserve Bank likely to leave interest rates on hold today.
The central bank said last month its decision to raise interest rates three times this year -- in November, August and May -- may have curbed inflationary pressures.
Most economists believe the bank will take a wait-and-see approach until its board reconvenes in February.
National Australia Bank economist Robert Henderson said the likelihood of a hold on rates was boosted by softer than expected domestic economy data this week.
"There needed to be some strong activity for them to have hiked rates," he said.
Third-quarter national accounts will be released today, with economists expecting annual economic growth to have slipped to a subdued two per cent from an already tepid 2.2 per cent in the second quarter.
The RBA's decision on rates will be announced at 9.30am AEDT (11.30am NZT).
- AAP
