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: