RBA may not raise rates until 2019

An interesting article by Shane Oliver (Chief Economist at AMP) discussing the expectations of no change to Australia’s official RBA cash rate until 2019. What is interesting is that the RBA has changed its view on the Australian economy (around economic growth rates and a potential property bubble) and that we mirror the US Federal Reserve with rate rises (Fed Reserve raised rates 3 times in 2017 and is expected to raise rates a further 4 to 5 times in 2018) compared to no change in Australia over that same period.