RBA to push on a string in 2016

Paul Bloxham from HSBC is out noting the RBA could be forced to push the Australian dollar down to create inflationary pressures and support growth, given fiscal policy is not helping in this area.

The transition from the mining boom to the “insert something here” boom is not going as well as planned.

HSBC are forecasting another 0.25% cut this year, possibly in the first half, but they acknowledge the “Everything is Awesome” RBA are reluctant to make further cuts.