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Rate cut likely after weak retail sales

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December 03 2012, 12:12AM

CommSec economist Savanth Sebastian also said weak retail numbers could push the central bank to consider a rate cut on Tuesday.

"All the data today really paves the way for the Reserve Bank to cut rates," he said.

"There seems to be a lack of strength in retail - consumers remain conservative, and if anything, trading conditions continue to remain tough despite previous rate cuts."