Interest rates: RBA cut still coming but delayed
* The US fiscal debacle remains centre stage. For Australia, the likely effect on the economy will be negligible, assuming the political negotiations are not protracted.
* Post the RBA’s October meeting, the Statement revealed policy makers are comfortable for now with the cash rate at 2.50%.
* We have delayed our forecast of another cut until February 2014.
* In the coming week, key local releases with business confidence, consumer confidence and the September employment report. Offshore, we have the FOMC Minutes and the Bank of England policy meeting
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