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Analysts Comments

Matthew Johnson, senior economist at ICAP

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23 July 2008 @ 07:50 am EST
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Reuters - "The (CPI) headline numbers are higher than expected. The core measures, although taking into account the high fuel price, are probably a bit above what the RBA was anticipating. So the RBA will have to revise up their inflation track. It defers a rate cut a little longer, until next year. But I don't think the RBA will be raising rates any time in the future."

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