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RBA poised to swing the axe on rates again; the market says it has to

Stephen Letts |  30 June 2019  |  Investing

Having sat on the sidelines for almost three years, is the Reserve Bank about to get into a cutting binge that would leave Royal Show axemen breathless?

The June meeting saw a 25 basis point chip flying off the cash rate, cleaving it down to a new low of 1.25 per cent.

There is little doubt there is more to come.

RBA governor Philip Lowe was about as explicit as a central banker could be when he said it would be "unrealistic to expect that lowering interest rates by quarter of a percentage point will materially shift the path we look to be on".

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