Brexit not enough to force July cash rate cut

By Mark Mulligan
Updated June 27 2016 - 8:08pm, first published 7:46pm
A lot to think about. Current market pricing suggests RBA governor Glenn Stevens will be forced to cut rates in August. Photo: Rob Homer
A lot to think about. Current market pricing suggests RBA governor Glenn Stevens will be forced to cut rates in August. Photo: Rob Homer
"The tourism sector, one of the stronger components of the Australian economy, looks most exposed." Photo: CBA
"The tourism sector, one of the stronger components of the Australian economy, looks most exposed." Photo: CBA

Fallout from Britain's shock vote to exit the European Union will not be enough to force a cash rate cut at next week's Reserve Bank of Australia board meeting, say economists, although August now looks even likelier than before.

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