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VIEW: NAB note that "we have revised down our...>

RBA
RBA: VIEW: NAB note that "we have revised down our growth outlook slightly with
a larger impact of the downturn in the housing market both through activity and
spill overs to the consumer. We have also lowered our expectation for wages
growth and inflation, which we now see rising more gradually. However, the RBA
appears to be more patient than previously anticipated - though still forward
looking. Consequently we do not see any move by the RBA, based on the current
trajectory for inflation, until H2 2020." They previously expected 1 25bp hike
in Q219 & Q319.
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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