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1.Market Observations, 8.Was Sticky

1 Aug 2019 (TheAge) – Another rate cut expected as petrol and drought start to pinch

(1 August 2019, The Age, p11, By Shane Wright)

Underlying inflation versus the official cash rate (ABS,RBA, Nine)

Underlying inflation versus the official cash rate (ABS,RBA, Nine)

‘The Reserve Bank is expected to press ahead with another interest rate cut by year’s end, with inflation remaining subdued despite a spike in petrol prices and signs the drought is now hitting the hip pockets of consumers. Markets remain convinced the RBA will be forced into cutting official interest rates to a new low of 0.75 per cent by December, after the Australian Bureau of Statistics reported inflation rose by 0.6 per cent in the June quarter.’

Read more at TheAge.com.au

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