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Speaker 1: So the OCR announcement coming today, most banks picking fifty

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Speaker 1: basis points. But there's a lot of water to go

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Speaker 1: under the bridge before the next meeting in February next year.

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Speaker 1: You've got Trump coming in, You've got tariffs on day one.

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Speaker 1: Mike Jones is the Benz chief economist. Why not seventy

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Speaker 1: five basis points?

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Speaker 2: Mike, Yeah, morning, Ryan. Look I can see some of

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Speaker 2: the logic for seventy five basis points. I mean, we

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Speaker 2: know that the OCA is headed lower after this, we

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Speaker 2: know it's going to four central, maybe below that, So

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Speaker 2: why not just get on with it? The economy needs it,

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Speaker 2: after all. But look, I think you know the big bazooka,

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Speaker 2: the seventy five point or larger moves tend to be

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Speaker 2: reserved for more crisis type situations, and clearly we're not

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Speaker 2: in one of those at the moment that there are

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Speaker 2: some signs that the economy is responding to some of

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Speaker 2: the rate caps so we've seen today. So no need

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Speaker 2: to sort of scare the horses just yet.

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Speaker 1: When do you think we'll get back to neutral?

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Speaker 2: It's looking at the moment humans and things can obviously change.

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Speaker 2: Like a story for mid to late next year, that's

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Speaker 2: what's baked into where our numbers are moved back to

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Speaker 2: that three three and a half percent zone for the

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Speaker 2: official cash raders around that neutral area. But Culy there's

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Speaker 2: a lot of uncertainty about just where neutral is. So

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Speaker 2: I think it's going to be a case of moving

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Speaker 2: in that's smaller moves next year and seeing how the

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Speaker 2: economy responds.

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Speaker 1: All right, Mike, thank you very much for that analysis.

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Speaker 1: Mike Jones, B and B and Z chief economists with

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Speaker 1: us this morning. For more from earlier edition with Ryan Bridge,

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Speaker 1: listen live to news talks he Be from five am weekdays,

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