A major bank has forecast a hold on interest rate cuts with inflation levelling off.

The Reserve Bank of Australia will meet at the end of the month to determine its next decision on the cash rate.

In August, the RBA cut the rate by 25 basis points to 3.6 per cent , a level not seen since April 2023.

Previously, the released minutes of the August meeting had suggested that more cuts could follow.

But Bendigo Bank chief economist David Robertson forecast the RBA would stick with the 3.6 per cent rate level this month.

"After the August RBA cash rate cut, we're not expecting a back-to-back cut in September - especially after a higher read for inflation in the latest monthly indicator for July," Robertson said.

He said another cut was next forecast for November but

See Full Page