No RBA rate hike until 2019 - Barclays

Barclays analysts are pushing out expectations of a rate hike from the Reserve Bank of Australia (RBA) until Q1 2019.

The Australian economy is struggling with a stubborn unemployment rate coupled with high labor force participation, and spare capacity coupled with inflation expectations are weighing on wage growth.

Because of this, Barclays expects the RBA to remain squarely within their cautious bias stance, and the analysts expect the central bank to remain on hold for the remainder of 2018, with the RBA not seen engaging in rate hikes until Q1 of 2019.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.