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FXstreet.com (Barcelona) - NAB economists have changed the interest rate call for next week's RBA monetary policy meeting, and a 25bp cut in December is now what they expect, with an additional cut still on the cards in the first half of 2013.

From Alan Oster, Group Chief Economist at NAB:

- RBA remains focused on the post mining investment boom economy.

- Falling confidence and a soft medium-term outlook mean the rate needs to move lower.

- Weakness locally has tipped our previous call of no rate cut in December.

- Any further loosening of policy depends on the AUD, activity indicators, asset prices and the smoothness of the mining transition phase.
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