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VIEW: TD Securities Push Back Cut Call

RBA

TD Securities have pushed their call for the first RBA rate cut back to Feb ’25 (prev. Nov ’24), with the latest CPI data suggesting that “domestic inflation is a major stumbling block for the RBA to deliver cuts.”

  • They also note that “a strong labour market, impending tax cuts, ongoing strong migration and the continued rise in energy prices flowing from Q1” feed into their call.
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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