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    BT financial economic insights with Pat Bustamante

    Article

    The record wage boost was supported by several Fair Work Commission decisions, which were well known in advance and unlikely to be repeated. We therefore do not expect the Reserve Bank to respond to the strong read.

    Watch this short video to find out more:

    BT Financial economic insights with Pat Bustamante (2:55)

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    Video insights – Policy settings in place for a soft landing

    The June quarter National Accounts confirmed the economy is slowing, and we expect to see further slowing from here. This means the next move in the rate cycle is likely to be down, in the second half of next year, when it becomes clear the economy needs policy support.
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