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RBA expected to wait before cutting again
The Reserve Bank looks set to hold the cash rate at 1.0 per cent ahead of data out this week that could offer clues about whether the past two months' cuts are having an effect. Economists expect the RBA to keep the rate unchanged at Tuesday's board meeting before cutting to a fresh record low before the end of 2019. The timing of that next cut, which the futures market has priced for October or November, could become clearer this week when the RBA announces its revised forecasts and the Australian Bureau of Statistics releases its new lending data for June. Wednesday's release by the ABS, which includes data on ... (full story)