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Goldman Joins Deutsche Bank on RBA Cuts as Growth Slows: Economy

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Goldman Sachs Group Inc. joined Deutsche Bank AG in predicting Australia’s central bank will be forced to resume cutting interest rates as growth slows.

Both institutions expect the cash rate will be lowered to 2 percent next year from the current record-low 2.5 percent. Money markets are pricing in an 88 percent chance the Reserve Bank of Australia will implement a quarter point cut in the next 12 months after government data today showed the economy grew just