The Day Today

"The Day Today" - 15th October 2019

– Chinese inflation rises, consumer prices reach 6 year high at 3% due to a surge in pork prices
– RBA minutes dovish; “risks to the global growth outlook remained tilted to the downside…unemployment and inflation outcomes over the following couple of years were likely to be short of the Bank’s goals…the Board decided to lower the cash rate by a further 25 basis points…reasonable to expect that an extended period of low interest rates would be required”

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