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Further RBA react. Westpac - There is no.....>

AUSSIE
AUSSIE: Further RBA react.
Westpac - There is no hint of any preferred bias in the Governor's statement. He
continues to point out the improving outlook for business investment and
employment, while highlighting uncertainty around the consumer and wages.
Concerns with risks to financial stability emanating from the housing market
continue to ease. As discussed, the Governor is now more comfortable with the
risks of an overvalued Australian dollar constraining growth and inflation.
However, that comfort in no way supports a rate hike. "We continue to expect
that the RBA cash rate will remain on hold through 2018 and 2019."

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