OCR Preview: economists predict no change

Respondents to TMM's OCR Preview Survey unanimously predict the Reserve Bank's Monetary Policy Committee will opt against a cut next week following the 50 basis point reduction in August. 

The surprise cut to a record low 1% caught markets off guard last month, and economists say the size of the cut will give the central bank breathing space until November. 

The Reserve Bank has cut rates over the course of 2019 amid sluggish economic growth and concerns over global trade. 

Leading economists responding to TMM's survey said they expect the rate to remain unchanged, with an outside chance of a further cut.