The Reserve Bank is expected to leave the official cash rate unchanged when it reviews its monetary policy on Wednesday, despite lingering concerns inflation may have a sting in its tail. Deputy governor Christian Hawkesby said in May that there would be a “high bar” for the central bank resuming rate rises, and ANZ chief economist Sharon Zollner said anything other than it leaving rates on hold would be a “massive surprise”. “No-one is seeing any real possibility of anything other than a no-change decision,” Zollner said. This would be the first time the bank’s monetary policy committee has elected to leave rates on ... (full story)