At the AFR:
Upgrades to the economic outlook for Australia’s two largest trading partners are another two more red crosses in Philip Lowe’s “cons” column as the Reserve Bank governor weighs up the wisdom of cutting rates to fresh lows.
…Treasurer Josh Frydenberg would be also pretty pumped up as well, given expectations of a growth rebound in 2020 have pushed the trio of commodities that underpin his budget forecasts – iron ore, metallurgical coal and thermal coal – above the estimates contained in the mid-year economic and fiscal outlook (MYEFO).
