UBS is all over the RBA with several hard hitting notes overnight:
UBS…doesn’t think their forecasts for GDP and inflation are plausible – they seem way too bullish.
…For Australia, despite Q4 surprisingly weak GDP, & further weakness in Q1/Q2 partials, they still expect “around 2¾% in 2019 and 2020” – very optimistically unrevised from Feb’s SOMP – & far above UBS at 1.9% in 2019, consensus at 2.2% & IMF at 2.1%.