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1.Market Observations, 8.Was Sticky

20 Sept 2019 (AFR) – RBA rate cut chances surge after jobs data

(20 September 2019, AFR, p1, Matthew Cranston and Sarah Turner)

‘Expectations for the Reserve Bank of Australia to cut the official interest rate to 0.75 per cent in less than a fortnight have surged following a worse than expected unemployment rate and pressure to cut following the US Federal Reserve move on Thursday. Futures markets are indicating a 70 per cent chance of a 0.25 percentage point cut by the Reserve Bank in October, compared with a 42 per cent chance the previous day.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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