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- RBA seen to remain in "pause mode" – UOB
RBA seen to remain in "pause mode" – UOB
Analysts at UOB Group say in their latest Quarterly Global Outlook that the RBA is seen keeping the "wait-and-see" stance for the rest of the year.
- “As expected, the RBA kept its OCR on hold at 1.00% in September.
- We expect the RBA to monitor developments for a few months. By November, the RBA will have received more data on inflation, as well as further labour market information. For now, there are good reasons for the RBA to remain on a “wait-and-see” approach, especially since the OCR is already at a historic low of 1.00%.
- Our current forecast is for a steady OCR of 1.00% for the rest of this year. Further easing in 2020 cannot be ruled out. We will, as such, keep watch on global trade tensions, soft consumer spending, undershooting inflation, and mediocre wages, which will be factors that may prompt us to revise our view further ahead."
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