RBA now seen lifting rates in Q1 2020 – Reuters poll

According to the latest Reuters poll of economists, the expectations for the Reserve Bank of Australia (RBA) to hike the rates have been pushed back further to early 2020.

Key Findings:

The median of the 39 economists polled sees the central bank only hiking rates in Q1 2020 now from the previous poll median of Q4 2019.

Household debt is elevated and remains a real issue.

Inflation still stagnating just under the 2% to 3% target band.

Wage growth continues to remain subdued.

The housing market continues to soften.