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Canadian Copycats

NAB Morning Call

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The RBA Approaches Working

The GDP numbers yesterday, let's talk about those up, 0.2% Q on Q, 2.3% year on year. So a bit lower than the RBA forecasts. Does it show though that the RBA approaches working? We are seeing softer household spending, but we are seeing wages taking longer to come down and productivity really. Philip Lowe is very concerned about as well, obviously.

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