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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 GDP growth had picked up to be 3.1 per cent over the year to the March quarter, which was above estimates of trend growth. The quarterly growth rate of 1 per cent had been a little stronger than the Bank's forecast of three months earlier. Non-farm GDP had increased by 3.6 per cent over the year to the March quarter, while growth in domestic final demand had continued its upward trend since 2013. Consumption growth had been fairly subdued in the March quarter, following strong growth in the previous quarter. Members noted the volatility in ... (full story)
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IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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