RBA Cut Bets Build as Aussie Gains Combine With Worst Wage RisesBy
Markets pricing in 1.5 percent cash rate within 12 months
Policy meeting comes days after governor attends G-20 talks
Australian wage rises are the smallest on record, jobs growth has evaporated and firms plan to cut investment. Add a stronger currency and global calls for stimulus and pressure is clearly building for interest-rate cuts.
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