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AAP are reporting the OECD wants the Australian government not to make any further interest rate cuts while economic growth remains moderate.

To me the forward pattern is clear, hold for a few months in a wait and see manner and maybe for an extended period but the next move will be up even if only in small and slow increments (that all depends on what is happening in Australian and the world at that time).

This article is worth reading in its expanded form at Business Spectator.

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