RBA expected to hold on rates until 2019 - Bloomberg Survey

According to the results of a survey compiled by Bloomberg, economists have pushed out their expectations of a rate hike from the Reserve Bank of Australia (RBA) and now expect the central bank to stand still on rates for the rest of the year.

Key highlights

Majority of respondents expect a rate hike from the RBA in Q2 2019.

More banks are beginning to abandon their expectations of a rate hike in 2018.

Commonwealth Bank of Australia, ANZ have abandoned their 2018 rate hike expectations.

Majority of banks still expecting a 2018 rate hike are set for the fourth quarter.