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Market turmoil 'not enough to s...

Market turmoil 'not enough to spur RBA rate cut'

A rate cut is unlikely when the Reserve Bank of Australia meets next month and rates will possibly remain on hold for the rest of this year despite the global market turmoil, according to top market economists, who point instead to encouraging signs in the local economy.

A rate cut is unlikely when the Reserve Bank of Australia meets next month and rates will possibly remain on hold for the rest of this year despite the global market turmoil, according to top market economists, who point instead to encouraging signs in the local economy.…

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