Academics believe the Reserve Bank should take a 'hold-and-wait' approach to interest rates, even as some economists predict this week's national accounts could reveal another quarter of the economy going backwards.

The central bank will hold its monthly board meeting on Tuesday faced with a series of generally subdued economic indicators but some easing in house price pressures. The RBA’s cash rate has been at a record low 1.5 per cent since August. Timo Henckel, a lecturer at the Australian National…