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Upbeat RBA expects a pick-up

Dec 05, 2017 (The Australian - ABIX via COMTEX) --

The Australian dollar peaked at a three-week high in local trading on 5 December, after the Reserve Bank left interest rates on hold and noted that there are signs that the economic outlook is improving. The currency also benefited from data showing that retail sales rose by a higher-than-expected 0.5 per cent in October. Felicity Emmett of the ANZ Bank expects that by mid-2018 the outlook for wages and inflation will be sufficiently encouraging for the central bank to consider raising the cash rate, although Paul Dales of Capital Economics says rates may remain on hold until late 2019..

Publication Date: 6 December 2017

RESERVE BANK OF AUSTRALIA
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ASX ANZ
CAPITAL ECONOMICS LIMITED
HSBC AUSTRALIA HOLDINGS PTY LTD
COMMONWEALTH SECURITIES LIMITED
BARCLAYS BANK PLC

By David Rogers

Copyright 2017 Roy Morgan Research. All Rights Reserved.

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