Coronavirus was among factors considered ... in regards to the Official Cash Rate

The Institute of Economic Research's Shadow Board is recommending the rate remain at 1 per cent - when the Reserve Bank releases its Monetary Policy Statement on Wednesday.

Principal economist Christina Leung says there was recognition of positive developments in the economy.

But uncertainty over coronavirus has also played a role

She says they've indicated it would be prudent to wait and see before acting on its implications for interest rates in the coming year.