The global data released over the past month suggested that Australia's major trading partners had continued to grow at around their long-run average pace over the past year, although there had been quarterly volatility in growth in some of the major economies through the year. Inflationary pressures had remained contained across all major regions. In China, some indicators of economic conditions had softened a little. Members were briefed that the Chinese authorities had scope to ease policy if needed to support GDP growth. In the property market, conditions had continued to soften and the government had announced ... (full story)