AMP's Oliver says the RBA will cut rates to 1% in 2019 - here's why

Shane Oliver of AMP (huge Australian fund manager - the fund, not Shane) cites his reasoning (in brief):

• falling building approvals are pointing down for dwelling construction
• Along with the negative wealth effect on consumption from falling house prices the housing cycle will be a drag on growth this year

Our view the RBA will cut the cash rate this year to 1%