PIMCO on Australia - says a monetary to fiscal policy pivot not occurring

Bloomberg with headlines from PIMCo's Robert Mead

(Pacific Investment Management Company, LLC, is a huge investment management firm

Robert Mead is managing director in the Sydney office and co-head of Asia-Pacific portfolio management)

• Monetary to fiscal policy pivot not occurring in Australia
• The hurdle for further Reserve Bank of Australia rate cuts is very high
• And doubts we see RBA rate hikes until at least well into 2018