/VIEW: Economists at TD Securities have.........>

RBA: /VIEW: Economists at TD Securities have revised their forecast for the

first hike in the Reserve Bank of Australia's cash rate in this cycle, pushing

it to May 2019 from November this year. "The sound of rate hike capitulation has

been deafening, and we reluctantly add to the noise. While we retain our 'glass

half full' stance on the economy, the data flow has been insufficient to move

the needle for the RBA, and a rate hike by year end is difficult to deliver," TD

Securities head of Asia-Pacific research Annette Beacher wrote in a note.

Beacher now expects two hike in 2019, in May and November, that will take the

cash rate to 2.0% from the current 1.5%.