From the Australian Financial Review (gated): Manufacturing weakens as RBA shadow board calls for rate hold
In summary
The shadow board says:
- probability of a rate cut 6%
- Probability for a rate hike 21%
- Probability the RBA leaves official interest rates at 2.5% is 74% (compared to 71% in August)
(Looks like a but of shadow rounding in there : -D )
Dr. Timo Henckel, from the ANU Centre for Applied Macroeconomic Analysis:
- “The housing market and indicators of sentiment are strengthening but growth remains slightly below trend and the unemployment rate rose to 6.4 per cent in July”
- “Relative to the previous month, the RBA Shadow Board has become slightly more cautious in its recommendations for interest rates”
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