A majority of economists polled by Bloomberg do not expect the Reserve Bank of Australia (RBA) to hike rates before the fourth quarter of 2019.
A month ago, economists were expecting the RBA to deliver the first rate hike in the third quarter of next year. Essentially, the forecast for the timing of the lift-off has been pushed out by a quarter.
This should not come as a surprise as the unexpected mortgage rate hike by major Australian lenders, coupled with escalating US-China trade tensions are seen complicating matters for the RBA.
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.