Westpac Economic Update: 15 July 2011

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Uploaded by on Jul 14, 2011

Westpac Chief Economist Bill Evans breaks rank to comment on his belief that interest rates will fall in the coming months, and reveals the reasons behind it. Plus a look back at this week's consumer confidence slump and the outlook for employment figures.

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  • The problem is that I think Bill is right. The strong AUD does not help maintaining a strong economy. A bearsih approach by ANB to interest rates would help to reduce the exchange rates to a more traditional level of sub-parity with the USD.

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