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April 1st, 2013 
Peter Nolan
THE good news is the economy is getting better. But the bad news is the central bank’s interest rate cutting cycle is coming to an end.
All 13 economists surveyed by AAP say the Reserve Bank of Australia will keep the cash rate steady at three per cent at its board meeting on Tuesday.
And seven of them say the cash rate will be at 2.75 per cent by the end of the year, with one final rate cut most likely in either May or June.
Since the beginning of the year, the outlook for the Australian economy has been looking better and the Chinese and US economies have improved.
JP Morgan Australia chief economist Stephen Walters said the firmer economic data for the mining and non-mining sectors of the economy would keep the central bank on the sidelines.
“As RBA governor Glenn Stevens indicated late last year, the swollen pipeline of work still to be done means investment in mining will keep rising as a share of gross domestic product for a few quarters yet,” Mr Walters said.
“The RBA’s earlier rate cuts, starting in late 2011, finally are getting traction,” he said.
“The economy, therefore, needs no further policy support, at least not yet.”
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