More forecasts for RBA policy - "will keep rates at 1.5% until late 2019"

ArticleBody

More again from notes out overnight following Australian inflation data yesterday

Data:

• Australia Q1 CPI: 0.4% q/q (vs. expected 0.5%)

More

• No RBA rate "any time soon whatsoever"
• Australian Q1 inflation data- more analyst responses coming in
• Australian Q1 inflation data- analyst responses coming in

This now via Capital Economics:

• Despite underlying inflation coming in slightly stronger than the Reserve Bank of Australia (RBA) expected in the first quarter, the RBA will almost certainly leave interest rates at 1.5% at its next policy meeting on Tuesday 1st May.
• And it may revise down its GDP growth forecasts in the following Friday's Statement on Monetary Policy (SMP).
• Further ahead, we anticipate that the RBA will keep rates at 1.5% until late 2019 as GDP growth and inflation remain weaker than expected.