RBA now seen lifting rates in Q1 2020 – Reuters poll

Dhwani Mehta FXStreet

According to the latest Reuters poll of economists, the expectations for the Reserve Bank of Australia (RBA) to hike the rates have been pushed back further to early 2020.

Key Findings:

The median of the 39 economists polled sees the central bank only hiking rates in Q1 2020 now from the previous poll median of Q4 2019.

Household debt is elevated and remains a real issue.

Inflation still stagnating just under the 2% to 3% target band.

Wage growth continues to remain subdued.

The housing market continues to soften.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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