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VIEW: Today’s Data Reinforces ANZ’s RBA Call

RBA

ANZ write “job vacancies stayed very strong at 444,200 in November, while monthly CPI rose to 7.3% Y/Y. These data are strong enough to reduce any risk of a pause in February for the RBA and reinforce our view that the peak cash rate will be at least 3.85%. We currently forecast no cash rate cuts until late 2024.”

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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