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VIEW: TD Securities write "we had forecast......>

RBA
RBA: VIEW: TD Securities write "we had forecast the Bank to cut this month but
after the RBA left the cash rate unchanged, we pushed the call to August.
Thursday's data poses a risk of the Bank pulling the trigger before August, but
our preference would be to fade a June cut priced at 60%. Easing in June would
appear rushed, with the RBA likely wanting to see more data before acting. It
would also run counter to the stance the Bank has adopted for so long - to be a
source of financial stability."
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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