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Australian National University: Shadow Reserve Bank of Australia Says Record Low Rates Should Stay Put

Aug 05, 2019 - Targeted News Service

[TNSresearch] -- The Australian National University issued the following news release:

The Australian National University's RBA Shadow Board is strongly convinced official interest rates should remain at the record low of 1 per cent set last month.

Ahead of the Reserve Bank of Australia's official cash rate announcement on Tuesday, the RBA Shadow Board is 68 per cent confident the overnight interest rate should remain unchanged.

The Shadow Board attaches a 22 per cent probabili...