Just a quickie with a revised call from a Barclays client note:
- They have pushed back their forecast for a start to the RBA hiking rates to Q3 2015 from previously expecting Q1 next year.
- Says the RBA have retained neutral forward guidance of “period of rates stability” for longer than expected
- Says APRA is about to introduce macroprudential tools to cool housing market (which will delay the need for hikes)
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- Note: APRA is the Australian Prudential Regulation Authority
- Note also … Deutsche Bank have headed out on a limb all by themselves … tipping two rate cuts from the RBA in 2015
- While I’m noting things … the RBA got a little bit angrier about the high AUD yesterday … The RBA made its case for a lower Australian dollar more forcefully today
