Australia’s central bank is poised to keep interest rates at a 13-year high, marking a year of unchanged policy as it faces a slow pace of disinflation and rising global risks capped by a close US election .

Economists see the Reserve Bank keeping the cash rate at 4.35% on Tuesday – and leaving it there until at least February – with the board’s statement expected to remain cautious. It is likely to highlight the need for tighter policy, given that an accompanying update to economic forecasts will show that core consumer prices remain stubbornly high.