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The RBA cuts the cash rate to a new record low

  Author: Shane Oliver ( AMP Capital )
 May, 2015
  Price: FREE

Abstract:

The RBA’s latest rate cut along with downwards pressure on the value of the $A should help Australian economic growth pick up to around trend next year.

While 2% is likely to be the low, further cuts cannot be ruled out, particularly if the $A remains too strong. For investors: expect bank term deposits to offer poor returns; consider asset classes providing higher and more stable yields; and expect the $A to continue to trend down.
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