ANZ, CBA, NAB & Westpac all expect Reserve Bank of Australia pause at next week's meeting

The next Reserve Bank of Australia meeting is on June 6.

• statement is due at 2.30 pm Sydney time, which is 0430 GMT and 12.30am US Eastern time

All four of Australia's major banks, ANZ, CBA, NAB & Westpac, expect an 'on hold' decision from the RBA at this June meeting.

Reuters polling finds 22 of 30 analysts survey expect on hold

• 8 of the 30 expect a +25bp rate hike
• market pricing puts the probability of a hike around 33%

ANZ do expect another 50bp further ahead:

• ANZ raise its forecast for the RBA terminal rate to 4.35% (from 4.10%)

National Australia Bank expect +25bp further ahead:

• National Australia Bank expect a +25bp rate hike from the RBA, but not until August

RBA current cash rate