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1.Market Observations

17 Jan 2013 (AFR) – Consumers unmoved by rate cuts

(17 Jan 2013, AFR, p4, Jacob Greber)

‘Consumers remain unmoved by last month’s Reserve Bank of Australia interest rate cut and new year signs of optimism in big economies overseas.’

‘The Westpac-Melbourne Institute Index of Consumer Sentiment rose just 0.6 per cent in January, and is only 3.5 per cent above its level in October 2011, when the Reserve Bank began what became the most aggressive interest rate cuts in the developed world.’

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