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
-
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