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May RBA Meeting: Dovish Stance Surprises Markets With Growth And Inflation Outlook

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    Posted by Two Blokes May 20 - Filed in General - #TwoBlokesTrading  - 7 views
    The RBA cut its cash rate by 25 bps to 3.85%, citing moderating inflation and heightened global uncertainty as key reasons for the move. Updated forecasts show weaker growth and inflation, but a resilient labor market, giving the RBA room for further easing if needed.