rba rate move on a knife edge , page-7

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    Maybe Westpac is reading the retail figures which reflect how well the consumers are faring,which is not very well at the moment,so a rate cut would make sense.
    But if the RBA looks at the momentum created by the mining industry they will form an opinion which overrides the former.
    Since their record is not particularly brilliant ,expect the least appropriate approach/decision.
 
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