Australian interest rates

Two more banks push back RBA hikes

David Llewellyn-Smith
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From RBC:

  • Push back timing of expected rate hike to Q4 of 2019
  • RBC then expect another hike in Q1 of 2020
  • After that, RBA will sit at 2% for some time
  • we admit to thinking about dropping these hikes altogether
  • The longer the RBA sits at 1.50%, the less sure we are about the direction of the next move
  • especially if global activity turns more modest in H2 2019 and 2020

And Barclays:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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