We have a market! Right about the time MB expects the RBA to be hitting the zero bound or its equivalent as the dwelling boom comes off big, Goldman’s Tim Toohey is expecting rate hikes to begin:
On the inflation front, we believe that 3Q2016 will mark an important transition point and the start of a gradual reflation in consumer prices.
These transition points are important for forward-looking policymakers and we believe the shifting dynamics will contribute to the RBA commencing a tightening cycle from
early 2018.
Nothing more at this stage but when I see the report I’ll report back. We are often roughly in-sync with Mr Toohey so it will be interesting.
