"Resilient" Australian dollar highlights need for rate cut says Shane Oliver: Tweet of the day

"Resilient" Australian dollar highlights need for rate cut says Shane Oliver: Tweet of the day
Property ObserverDecember 7, 2020

The strengthening of the Australian dollar - up above 92 US cents - highlights the need for the Reserve Bank to cut the cash rate on August 6, AMP Capital chief economist Shane Oliver has tweeted to his 3,456 followers today.

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In his latest market updates, Oliver said a “benign” inflation reading for the second quarter of the year on Wednesday should see the RBA cut the cash rate to 2.5% on August 6, says AMP Capital chief economist, Shane Oliver.

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