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.
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