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flag Australian Reserve Bank suggests strong growth may curb future interest rate cuts.

flag Australian Reserve Bank Governor Michele Bullock suggests that recent strong economic growth and consumer spending may limit future interest rate cuts. flag The economy grew 1.8% annually in June, above forecasts. flag This growth has led markets to reduce expectations for further cuts, with only a potential 25-basis point reduction in November. flag However, the Reserve Bank has lowered its productivity growth forecast to 0.7%, indicating continued economic challenges.

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