> Chances of an RBA rate cut at the August meeting now at 57%

Chances of an RBA rate cut at the August meeting now at 57%

Wednesday, 03/07/2013 | 03:52 GMT

After Stevens’ speech today the market has priced in a 57% probability of a 25 basis point rate cut at the August 6 RBA meeting. This is up from 45% earlier in the day.

AMENDED: Now up to 60%

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