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A slow slowdown

NAB Morning Call

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The RB and Z Won't Move Today

Consensus is sitting at 0.3 for both the core and headline measures in the US tonight for CPI. Headline expected to be dragged down by a good old friend, a used car prices. On the RB and Z pretty strongly held view from our colleagues over there in New Zealand,. The basis has been no significant changes since their last meeting that should be causing to move. In Canada, I think consensus is well and truly on a 25 point move again.

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