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RBA to keep rates unchanged in Nov - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - According to Westpac's Chief Economist Bill Evans, the RBA is unlikely to cut its cash rate at Nov 3rd meeting despite mortgage rate increases.

    Key Quotes

    "Cut at 1 Dec meeting "is possible if confidence is hit hard by mortgage rate rises."

    "Base scenario is for rates to remain on hold for remainder of 2015 and 2016."
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