A change in view from economists at RBC - They were tipping the Reserve Bank of Australia would cut in March and June

  • Now shifted to Q3 and Q4
  • Say domestic economy is mixed
  • Headwinds from offshore
  • RBA will be watching business conditions, business confidence and developments in the jobs market as indicators for cuts
  • RBC says monitoring will take months (hence the shifting back of their calls)

More:

  • Risk of further independent increases in lending rates
  • A "resilient" AUD
  • Financial conditions tighten

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On "Risk of further independent increases in lending rates"

RBC is referring to this: Westpac has followed National Australia Bank and ANZ by hiking rates