HSBC’s senior economist Paul Bloxham: Says that while falling commodity prices are dragging on Australia’s income growth, its being offset by an increase in output volumes by miners “We remain of the view that further rate cuts are unlikely The RBA already views monetary policy as accommodative and there are clear signs that very low interest rates are working to support a rebalancing of Australia’s growth, with housing market activity rising and non-mining business conditions improving in recent months We expect that the RBA’s easing phase is done. Our central case sees a hike in mid-2015, although we see a clear ... (full story)