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VIEW: ANZ write that "the RBA Board kept the....>

RBA
RBA: VIEW: ANZ write that "the RBA Board kept the cash rate at 0.75% in
November, as commentators widely expected and the market priced in. A new
sentence appeared at the start of the final paragraph that supports our view
that a rate cut in December is unlikely. We think disappointment on growth and
the labour market will bring the RBA back to the easing table in 2020. Some may
dispute the confidence of the RBA's view that rate cuts are supporting
employment and income growth, given the weakness in consumer sentiment and
retail sales and the softness in some labour market forward indicators, such as
ANZ Job Ads."
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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