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VIEW: In the wake of today's labour market......>

RBA
RBA: VIEW: In the wake of today's labour market report HSBC note that they "are
still pencilling in a further cut in the cash rate to 0.50%, but now expect it
in Q2 2020 (previously Q1 2020). We also see the likelihood of QE in 2020 as
having fallen a bit. Where we had previously thought that sovereign bond
purchases (that is, quantitative easing), combined with a cut to a cash rate of
0.25% in 2020 was a 30-40% likelihood, we now see it as a 20-30% likelihood."
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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