No RBA rate hikes for a year

Original article by Vesna Poljak, Sarah Turner
The Australian Financial Review – Page: 1 & 20 : 2-Jul-18

A quarterly survey of economists shows that the general consensus is that the Reserve Bank of Australia will leave interest rates on hold at 1.5 per cent until June 2019. The cash rate is now expected to reach two per cent by the end of 2019. However, former ANZ Bank chief economist Warren Hogan expects one rate increase by mid-2019, arguing that the RBA needs to begin the process of normalising monetary policy. Matthew Peter of QIC also expects one rate rise in the next 12 months.

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