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VIEW: Westpac now expects the Reserve Bank to...>

RBA
RBA: VIEW: Westpac now expects the Reserve Bank to cut the cash rate by 25bps in
both August and November this year. They have revised "down our GDP growth
forecasts for 2019 and 2020 from 2.6% to 2.2%. With the slower growth profile we
now expect to see the unemployment rate lift to 5.5% by late 2019. That makes a
strong case for official rate cuts to cushion the downturn and, in turn, meet
the RBA's medium term objectives."
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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