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RBA Statement on Monetary Policy
Global economic conditions picked up further over the course of 2017. Indications are that this strength has continued into 2018. This upswing has been most pronounced in manufacturing and industrial activity, and has been more synchronised across economies than has been the case for some time. GDP growth is above estimates of potential in a number of economies and labour markets have tightened further. Although commodity prices have generally risen, broader inflationary pressures have been slow to emerge. The Chinese economy continued to grow solidly over 2017. Government policies to reduce pollution, dampen housing ... (full story)