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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General

The combination of risk-off sentiment, equity market volatility and a retreat from US Federal Reserve rate increase expectations have reinvigorated the pricing of rate cuts here in Australia. Financial markets have increased the probability of another Reserve Bank rate cut, with a 46% probability of a cut factored in by December and a terminal cash rate of 1.62% by mid next year (refer chart below). This is close to the lowest level seen this year.

Source: Rural Bank

 

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