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RBA Cuts GDP Growth Forecasts

Sunday, 9 Nov 2008 | 7:30 PM ET

The RBA has cut its GDP growth forecasts for this quarter and 2009. As such, Richard Grace, chief currency strategist at CBA sees another 25-50 bps rate cut in December. He tells CNBC's Martin Soong why he does not see rates under 4% by early 2009.