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Remains Above Tuesday’s Low


Bullish S/T Theme Despite A Pullback

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RBA: VIEW: AMP Capital write that "against the backdrop of falling house prices,
tight credit conditions and constrained growth, which will keep wages growth
weak and inflation below target for longer we see the next move by the RBA being
a rate cut. However, it will take a while to change the RBA's thinking, so we
don't see rates being cut until second half next year but won't rule out an
earlier move if things are weaker earlier than we are expecting. By end 2019 the
cash rate is likely to have fallen to 1%."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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