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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

7 Feb 2020 (AFR) – Economy had more momentum – Economists see end of RBA’s rate cut cycle

(7 February 2020, AFR, p1, Matthew Cranston, Sarah Turner and Sue Mitchell)

‘Surprising strong consumer spending in the final three months of 2019 has triggered investors to upgrade retail stocks and abandon calls for another interest rate cut this year. The stronger than expected growth in retail trade in the December quarter supports Reserve Bank governor Philip Lowe’s early call that the economy had reached a gentle turning point, although that will be tested by the hits to tourism and education from bushfires and the coronavirus in the first few months of this year.’

Read more at AFR.com (might need AFR login access)

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