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AAP
AAP
Poppy Johnston

Fading economy yet to unlock rate cuts for watchful RBA

RBA Michele Bullock Economy Reserve Bank Reserve Bank of Australia Cherelle Murphy ANZ Australia
RBA Governor Michelle Bullock says high inflation has the biggest impact on the most vulnerable. (Bianca De Marchi/AAP PHOTOS)

Borrowers hoping interest rate cuts will follow a sluggish growth report will be disappointed as the central bank waits for more progress on inflation.

The economy is slowing yet Reserve Bank of Australia Governor Michele Bullock warns demand for goods and services in the economy is still stronger than the ability to supply them.

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