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Australian Reserve Bank suggests strong growth may curb future interest rate cuts.
Australian Reserve Bank Governor Michele Bullock suggests that recent strong economic growth and consumer spending may limit future interest rate cuts.
The economy grew 1.8% annually in June, above forecasts.
This growth has led markets to reduce expectations for further cuts, with only a potential 25-basis point reduction in November.
However, the Reserve Bank has lowered its productivity growth forecast to 0.7%, indicating continued economic challenges.
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El Banco de la Reserva de Australia sugiere que un fuerte crecimiento puede frenar futuros recortes de tasas de interés.