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August 2, 2016

August 2016 Outlook

Sometimes it can be hard to fight City Hall. The RBA has delivered a much expected interest rate cut and yet most of us don’t feel that bullish about economic conditions. An explanation for part of this feeling is the much tighter capital conditions that are apparent in the bank debt funding market and subsequent increased cost of borrowing. One could almost feel that any benefit offered by the RBA is countered by prudential and policy directives.

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