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Ahead of today's RBA SoMP it is worth noting....>

RBA
RBA: Ahead of today's RBA SoMP it is worth noting that median expectations look
for both the headline and underlying inflation forecasts for June 2020 to be
maintained at 2.25% but there's a small chance exp. may be raised to 2.5%.
- The RBA may discuss the likely (and unlikely) impact of the higher funding
costs on mortgage and business lending rates, as well as on deposit rates.
- The discussion on spare capacity in the economy beyond the labour market,
including the Bank's view on non-mining investment, will be eyed, as will the
RBA's characterisation of the risks from the slowing housing market.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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