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VIEW: Barclays now expect "the RBA to ease......>

RBA: VIEW: Barclays now expect "the RBA to ease two more times by end of 2019,
delivering a 25bps rate cut in September meeting, followed by another rate cut
likely in November, bringing the terminal cash rate to 0.50%. Beyond that, the
RBA is likely to be on hold for at least two years. While the market is pricing
in cuts in October and February 2020, we do not see any point for the RBA to
wait given the labour market projections that have been showcased today.
Further, the strong emphasis on lowering the unemployment rate, stagnating
inflationary pressures, weak household sector demand and downside risks to near
term outlook suggests that it would be better for the RBA to deliver the cuts
ahead of what the market is currently pricing in."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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