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VIEW: NAB write "we recently changed our view...>

RBA
RBA: VIEW: NAB write "we recently changed our view on the outlook for monetary
policy, for a 25bp cut in July and November. We are increasingly of the view
that the drag on growth from housing and consumer spending will be large enough
to prevent the further progress lowering unemployment that the RBA is looking
for to boost wages growth and return inflation to target. That assessment is
supported by today's business survey."
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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