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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General

Mixed signals from data releases last week have made economists revise their expectations of future rate cuts. Another fall in consumer sentiment argues that a cut is warranted but the surprise fall in the unemployment rate quickly eroded this view.

At the start of last week financial markets were pricing in a 75% chance of a cut in May, but this has now reduced to little more than 50%.

Source: Rural Bank


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