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Australia’s End-Game for Rates Draws Closer as Commodities Slump

  • Economists expect cash rate at 0.5% by end of first quarter
  • Governor and deputy have signaled that’s around lower bound
Philip Lowe

Philip Lowe

Photographer: Mark Graham/Bloomberg
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Australia’s central bank could reach the lower bound of interest rates within just six months and be forced to confront unconventional policy, as tumbling prices of key commodity exports pile on extra pressure.