BNP on the RBA in 2018, on hold: offsetting influences, risks

BNP expect no change in Reserve Bank of Australia monetary policy settings this year

The Bank to remain on hold through 2018

• BNP still see risks for a weakening economy from slow consumption, low wage growth and low inflation
• But upside risks on business confidence, falling unemployment

BNP expect a gradual inflation rise in 2018.

Also expect further Federal Reserve rate hikes.

---

On the AUD - see a modest decine