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"Fireworks will have to wait": Market firms up on RBA 25bp rate cut - Financial Newswire
The latest market commentary has confirmed consensus expectations of a 25-basis-point reduction to the official cash rate by the Reserve Bank of Australia (RBA) ahead of their meeting this afternoon, despite some still holding out for different outcomes. Contending results, including a rate hold or an ‘extreme’ 50bp rate cut, were firmly quashed by other commentators yesterday, who cited the latest consumer price index (CPI) and labour force dat…
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