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RBNZ to hold rates in Oct, cut in December - Westpac

FXStreet (Bali) - Following RBNZ Governor Graeme Wheeler's speech earlier today, Westpac economists continue to endorse their core view of rates being on hold at the Oct 29 meeting, while calling for a cut of 25bps in December. Their in-house rates forecast for 2016 is now under revision, with results subject to pending Q3 inflation data (due Friday) "with an eye to shifting towards forecasting OCR cuts below 2.5% at a later time", the bank said.

AUD/USD under the hammer, higher odds of RBA rate cuts?

Following the announcement by Westpac to raise home loan rates by 0.2% in order to meet new requirements on capital against mortgages, while will also raise $3.5 billion through a share entitlement offer to boost capital reserves.
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South Korea Unemployment Rate declined to 3.5% in September from previous 3.6%

South Korea Unemployment Rate declined to 3.5% in September from previous 3.6%
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