HSBC looking for an RBA rate hike from the middle of 2019

HSBC in their response to good employment numbers out of Australia, the latest round ICYMI:

• Australia November jobs report: Employment +32.8K (vs. expected +20K)

HSBC:

• Labour market numbers for October showed that jobs growth remains robust and the labour market is tightening
• The unemployment rate held at the six-year low of 5.0%, with some states well below that level
• A tightening labour market should support a further lift in wage growth in coming quarters: we expect RBA hikes to begin in mid-2019