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Free AccessFurther economist reports following the......>
AUSSIE: Further economist reports following the RBA.
- Paul Bloxham at HSBC notes "We expect the tightening labour market will start
to put some upward pressure on wages growth in coming quarters, which should
support inflation, and that the RBA will want to start to head back towards
neutral as soon as it is confident that underlying inflation is clearly on the
path back to target."
- Ivan Colhoun at NAB expects the RBA to begin a gradual lifting of interest
rates in the second half of 2018 as the unemployment rate falls more
convincingly. He adds "we expect unemployment to be around 5.25% at the end of
Q1 next year."
- George Tharenou at UBS said looking ahead, "we still expect the RBA to keep
the cash rate on hold until the second half of 2018 as its waits to see the
extent to which better global growth leads to faster domestic activity and CPI,
as well as the impact of macroprudential policy tightening on housing and
consumption."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.