National University Timo Henckel and Dr Henckel

Reserve Bank: The central bank will hold its monthly board meeting on Tuesday and it is widely expected to keep the cash rate at a record low of two per cent, where it has stood since May, according to Nine News Australia. Australian National University Timo Henckel says wild swings on global stock markets have made investors edgy, the economic news coming out of China is not favourable and figures last week showing domestic private investment has plummeted."On the other hand, US growth surged to 3.7 per cent annually and fears of a debt crisis in the eurozone have abated," Dr Henckel said. Academics do not expect the Reserve Bank to lower the cash rate despite global market volatility and weak domestic investment figures. On balance he expects interest rates should be left on hold. The group tries to gauge the likely outcome when RBA governor Glenn Stevens and his team meets to decide on interest rates every month. Dr Henckel chairs the ANU so-called "RBA shadow board" made up of academics, economists and former RBA board members. (news.financializer.com). As reported in the news.