Australia press: HSBC sees RBA on hold for the rest of the year

An article in the Australian Financial Review published today:

• HSBC has cut its Australian growth forecast to 2.4 per cent from 2.6 per cent for 2015 because of lower expectations for Chinese economic growth and a lack of investment spending by businesses
• Paul Bloxham, HSBC's chief economist in Australia, now sees the Reserve Bank of Australia staying on hold for all of 2016, removing his forecasts for rate hikes in the second-half of next year.

More at the Australian Financial Review (may be gated): HSBC removes interest rate hikes as capex fades, China slows