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NAB Morning Call
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Is the Rba Needing to Move More Fully Into Restrictive Territory?
Anras i still suggest a fairly tightlet labour market. We're clutching at straws a bit, but it's going in the right direction. The number of drob openings will still exceed our number of unemployed people. Our ca rate profile is the r b a cash rate peaking it about that two point eight five % level. If you did have an upside surprise to call tremenation, which showed broad base price pressures, especialy in the services side, then that would suggest the b a poby needs to get well into restrictive territory. And seeing that the b a needs n get further into that restrictive going to beinterestind ce, isn't it?
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