Why are market economists so bullish?

Many economists are bullish on a rate rise, but the RBA board's latest minutes make this look very optimistic.

The Reserve Bank of Australia has maintained its neutral stance on policy but there remains considerable uncertainty surrounding the economic outlook. The property sector remains strong but beyond that there are a number of cracks that could prove difficult to fill.

The RBA monthly board minutes are often a mixed bag. They occasionally provide additional insight into the central bank’s thinking but more often than not they simply communicate a dated view of the economy.

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