Sunday, 3 June 2012

Global Growth Outlook Won't Trigger RBA Cut - Citi


Global growth outlook hasn't deteriorated sufficiently to trigger a further RBA rate cut Tuesday, Citigroup economists say. A continuation of below-trend economic growth signaled in recent data will not be "new news" for the RBA, they say; a "more timely read on the economy" is today's ANZ May job ads data, which show "resilience in the face of head winds."


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