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Little to no reaction in AUD & Aussie Bonds.....>

RBA
RBA: Little to no reaction in AUD & Aussie Bonds to comments from RBA Governor
Lowe, as he stuck to script. 
- Lowe noted that he exp. yhe next move in the cash rate will be higher, and
that he sees no strong case for a near term adjustment.
- The most interesting point probably claim on inflation, as he noted that he
expects inflation to be close to 2.5% by 2020, the most recent SOMP, which ran
through to June 2020, had CPI. exp. At 2.25% at the end of the forecast range.
- Elsewhere Lowe pointed to elevated vacancies equating to a tighter labour
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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