TAKE SOME PIPS GO RUN FOR PRAY
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RBA Minutes of the Monetary Policy Meeting
Members noted that data released over the past month confirmed that growth of Australia's major trading partners had eased a little in the March quarter and were consistent with around-average growth in the period ahead. Measures of global headline and core inflation rates had remained subdued in April. Following a moderation in growth in the March quarter, some of the recent Chinese data had been more positive. Growth of industrial production and retail sales had picked up a little and conditions in the property market had improved somewhat, particularly in the larger cities. However, growth of fixed asset ... (full story)
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