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The RBA and the Election

April 29th 2019

The election looms large and which ever side wins, they will be confronted with an economy growing below trend, low inflation and a global backdrop where conditions are weakening. 

Will the promises being made now need to be refined?

Consumers are cautious and rightly so. They are feeling the burden of near record low wages growth, savings are down and debt is still high. Throw into that mix the loss of wealth unfolding as house prices continue to fall.

And what pressures will come to bear on the RBA which in recent times has been more worried about the concept of financial stability than meeting its 2-3% inflation target. Our Ode specialist on the economy breaks it all down.

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