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- NAB has reduced its expectations for the RBA interest rates in 2017
NAB has reduced its expectations for the RBA interest rates in 2017
According to the latest news from the National Australia Bank, the bank now expect one interest rate cut from the Reserve Bank of Australia's current 1.5% to 1.25% in November 2017. Note that earlier NAB forecast two rate cuts of 25 bps on the central bank's meetings in June and September.
The NAB note:
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Economic activity is likely to be strong, judging by how Australia begins 2017.
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Real GDP in the 4th quarter of 2016 probably increased 0.9% q / q.
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The pace of growth in the 3rd quarter of 2017 may increase by 3%.
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The average annual growth rate for 2017 will be slightly lower at 2.3%.
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Investment in the mining industry decline
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