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VIEW: Barclays note that "the board did.........>

RBA
RBA: VIEW: Barclays note that "the board did acknowledge temporary downside
risks from bushfires and the uncertainty around the effects of the nCoV
outbreak. If the Chinese economy slows, the ripple effect will be felt strongly
in Australian exports of goods and services. We continue to think the RBA's
growth forecasts are optimistic and believe it will have to lower them in the
coming months. However, with only 50bp of space remaining for rate cuts, we
think the RBA wants to wait until the full effect of these downside risks is
clearer. Therefore, we are now pushing out our call for a rate cut to Q2 20."
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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