No rate cut in May say economists: Bloomberg

Economists have all but ruled out a rate cut on May 7, the next time the RBA board meets to decide on interest rates.

Of the 25 economists surveyed this week by Bloomberg, 22 expect the cash rate to remain unchanged.

Those tipping a rate cut are Citi, Macquarie and BNP Paribas economists.

Of those economists surveyed this week, 15 out of 25 expect no rate cut in June either.