ANZ on their Reserve Bank of Australia outlook
- expect the RBA to be on hold in 2019 and 2020
- GDP has been a poor guide to RBA action
(ANZ referring here to the weakening of GDP in H2 2018)
- The unemployment rate is more important
- ANZ's own Labour Market Indicator points to stability rather than an increase in u/e
ANZ adds that they expect the April Budget will add considerable stimulus
