Photographer: Brendon Thorne/Bloomberg

Strong Aussie Growth Hasn't Derailed Rate-Cut Bets

  • Market still pricing in likely easing within next six months
  • Annual pace of economic growth accelerated to 3% last quarter

Stronger-than-expected Australian growth data has provided some vindication for the central bank’s choice this week not to ease policy any further. The market remains unconvinced Governor Glenn Stevens can maintain his balancing act.

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