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VIEW: Westpac write that "there is nothing in...>

RBA
RBA: VIEW: Westpac write that "there is nothing in this Statement that prompts
us to revise our current forecast that rates will be on hold in December with
the next and final rate cut occurring in February next year. Following that
move, the state of the economy will be such that further stimulus will still be
required, without which an unwelcome lift in the Australian Dollar would pose a
significant headwind for the RBA's current forecast of return to trend growth in
2020. Under those circumstances, it seems reasonable that the RBA might move
towards some unconventional measures to boost demand and retain downward
pressure on the Australian Dollar."
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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