ITS ABOUT THE CASH NOTHING ELSE.
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Inflation the final straw for RBA rate cut?
The Reserve Bank cash rate could change for the first time in nearly three years this week with a cut to a new record low a real possibility after inflation unexpectedly ground to a halt. As the glow from April's buoyant employment data fades, analysts are increasingly confident the RBA will move rates for the first time since August 2016 at Tuesday's board meeting. The hope is that a cut from the long-standing record low of 1.5 per cent to an even lower 1.25 per cent could reignite stalling economic growth. The RBA has been reticent to turn explicitly dovish despite slowing domestic momentum, falling housing prices, ... (full story)
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ITS ABOUT THE CASH NOTHING ELSE.