Market Close 30 Sept. 2019: Late selling pushes ASX 200 lower, led by bank losses

The ASX 200 has slumped on the close to finish the day 27.8pts or 0.41% lower at 6688.3 after trading in a narrow range for most of the session. It was a day where the Aussie market was little moved for most of the day ahead of tomorrow’s RBA meeting. The market is pricing in about an 80% chance of a rate cut at 2:30pm AEST tomorrow. This will bring the official cash rate down to a new record low of 0.75%.

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