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RBA Downgrades Sharply Its Inflation Forecast

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 6, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Reserve Bank of Australia revised sharply downwards its inflation forecasts after slashing interest rates just days earlier due to weak first-quarter inflation data. Nevertheless, the central bank said that the Australian Dollar's sharp depreciation over the last few years is expected to continue to put upward pressure on prices.[​IMG]

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