RBA staying on hold, ‘wait and watch’ mode – HSBC

FXStreet (Bali) – Paul Bloxham, Chief Economist Australia and New Zealand at HSBC, notes that their central case is that the RBA cash rate will be unchanged at 2.00% over the next 18 month.

Key Quotes

“Having delivered 50bp of cuts in H1 2015, we see the RBA staying on hold and in a ‘wait and watch’ mode next week.”

“The past month brought stronger local numbers on GDP, jobs,
business confidence and housing, but weaker retail figures.”

“Our central case is that the cash rate will be unchanged at
2.00% over the next 18 months.”

Paul Bloxham, Chief Economist Australia and New Zealand at HSBC, notes that their central case is that the RBA cash rate will be unchanged at 2.00% over the next 18 month.

(Market News Provided by FXstreet)