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RBA Monetary Policy Meeting Minutes
Members began their discussion by noting that the global economic data released over the past month or so had been broadly consistent with growth of Australia's major trading partners being close to average this year, and picking up gradually next year. In addition, there had been a decline in inflation across much of the globe in recent months. In China, economic activity appeared to be expanding at a steady pace, driven by strong investment growth, with both infrastructure and real estate investment continuing to grow strongly. Conditions in the residential property market remained buoyant in April, although ... (full story)
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