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VIEW: On Friday BofAML wrote that "economic.....>

RBA
RBA: VIEW: On Friday BofAML wrote that "economic risks have clearly risen at the
start of the year. We continue to expect the RBA to remain on hold this year but
concede the case for hikes in 2020 has weakened. We would expect modest changes
to RBA forecasts next month, some tempering of the Bank's mantra that the next
move in rates is up, while adding some conditionality that the RBA stands ready
to provide policy support if needed. The change in dynamics is more centered on
the outlook for global growth, in our view, rather than a step change in the
risks around the domestic housing slowdown."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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