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Seven reasons the RBA might cut rates again even though it doesn't want to
The RBA again today signalled it is on hold. -- But the odds of a rate cut in Australia are growing and that should weigh on the Aussie dollar. It takes a lot to ruffle RBA Governor Glenn Stevens. I've seen signs of it when he's addressing Parlimentary committees sometimes. But they were only signs. For all outward appearances Stevens seems a man in control, a man certain he will do right as right is needed. You want that in a central bank governor. But it makes reading his tea leaves difficult sometimes, and almost impossible at others. But there are signs in his latest statement, released today, that the RBA's ... (full story)