Barclays on the Reserve Bank of Australia, looking for on hold on Tuesday 5 February, and as for further out:

  • no longer expect a hike in the cash rate from the Bank the RBA to hike the cash rate in 2020 (Barclays had been forecasting two hikes in the first half of 2020)
  • Says RBA may sound more cautious and data dependent next week
  • But will be signalling any major shift in their policy stance