- RBC drops call for RBA rate rise in Q4 of 2015
- Says the RBA is on hold for the foreseeable future
RBC commenting in a report today in the wake of the poor Q3 GDP data
Headlines via Bloomberg
Here are comments from other analysts: Australian Q3 GDP comes in at less than half expectations – analyst comments
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More:
- Had previously forecast RBA hike cycle to begin in Q4 2015
- “Two recent developments argue against the start of policy normalisation in 2015: further falls in key commodity prices and a more dovish turn in the global central banking community”
- Hurdle to cut further remains high … but “the bar may have been lowered somewhat as the weaker terms of trade dynamic feeds through the nominal and real economy and shifts the balance of risks. Potential regulatory changes add to this.”
