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In the east coast, I'd say many sectors are holding up pretty well. As always, Perth a la is very cyclical.

The green bit is meant to be going down yea, not up, yea? Scope for further easing?

On that point, right now we are at risk of falling below the 2-3% CPI band, which would imply rates are more likely to fall than rise.

We'd have to see unemployment dropping to start.