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RBA statement: modest upgrade to CPI and GDP forecast

By   || February 5, 2010 at 00:36 GMT
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The AUD/USD is basically unchanged but still hanging on to the gains from the early part of the session. The modest adjustments to CPI and GDP forecasts would normally increase the prospects of a 25 bps hike at the next meeting but as the RBA seems more concerned with global rather than domestic issues, I don’t think we can read too much into this statement.

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