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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of the domestic economy by noting that the March quarter national accounts would be released the day after the meeting. Based on indicators for the quarter received to date, GDP growth was expected to have picked up to be at least 2¾ per cent over the year because export volumes were expected to have recovered after weakness in the December quarter. Growth was also expected to have been supported by consumption, public demand and business investment. Early indicators for the June quarter suggested that surveyed business conditions had remained at their highest levels since the ... (full story)
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