RBA likely to confirm another rates cut

Investsmart’s Evan Lucas says RBA Governor Philip Lowe’s economic update is likely to confirm another rate cut. Mr Lucas told Sky News the last time Mr Lowe presented an economic update “the update was actually a downgrade”. “The expectation for inflation is likely to be slightly lower, and the outlook for GDP is likely to be shifted as well,” he said. Mr Lucas also said since “our relationship with China isn’t as good as it has been in the past”, Prime Minister Scott Morrison’s US visit has put Australia in the middle of the US-China trade dispute. Image: Getty

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