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MNI Table:RBA Cash Rate Forecast;Majority See Hike in Mid-2019

By Sophia Rodrigues
     SYDNEY (MNI) - A month ago eight out of 20 economists in MNI poll were
forecasting the first hike in the Reserve Bank of Australia's cash rate in this
cycle in November. Following a change in view by TD Securities earlier Friday
and several changes in May, just two are forecasting November for first hike,
and the majority has now shifted to middle of 2019.
     Below is a table of forecasts for the next RBA cash rate decision on June 5
and the outlook for the cash rate. The cash rate is currently at 1.5%.
                    June 5                                Outlook
-----------------------------------------------------------------
NAB                   Hold                25bps hike in May 2019.
ANZ                   Hold         Hold in 2018; Hike in May 2019
Westpac               Hold                        Hold 2018, 2019
CBA                   Hold                    25bps hike Feb 2019
Goldman Sachs         Hold                      25bps hike in Nov
Citigroup             Hold                  25bps hike in Q1 2019
JP Morgan             Hold            Hold for foreseeable future
HSBC                  Hold                  25bps hike in Q2 2019
TD Securities         Hold            25bps hike in May, Nov 2019
UBS                   Hold                        Hike in 2H 2019
Deutsche Bank         Hold          2 hikes each in 2H 2019, 2020
AMP Capital           Hold                  Hike sometime in 2020
Moody's               Hold     Hold through 2018; Hike early 2019
St. George            Hold                  25bps hike in Q1 2019
Macquarie             Hold  25bps hike Q1 2019, 2.25% by end-2019
Nomura                Hold                      25bps hike in Nov
RBC Capital           Hold                  25bps hike in Q1 2019
BankAm-ML             Hold                  25bp hike in May 2019
Morgan Stanley        Hold                     Hold until Q3 2019
Standard Chartered    Hold                           Hold in 2018
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MMLRB$,M$A$$$,M$L$$$,MT$$$$]

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