Barclays says no rate hike 'til 2019 for this central bank (OK, its the RBA)

The focus for Asia today I reckon might feature a EUR response to the ECB story overnight:

• Some ECB members said to see end-2019 rate hike as too late - report

then follow-up

• More on the report on ECB members pushing back on expectations

And I posted some responses here:

• First responders to the ECB earlier rate hike story ;-)

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Barclays now, but not on the ECB, a note overnight on Australia and the RBA:

On the economy:

• stubborn unemployment rate
• high labour force participation
• factors weighing on wage growth: spare capacity, inflation expectations

.... All unlikely to change in the near term outlook, even if economic activity picks up

On thus the Reserve Bank of Australia:

• To stay with their cautious bias
• Barc reckon the RBA is on hold through 2018
• & rate hikes likely to begin only in Q1 of 2019