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RBA: Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members began their discussion by noting that global economic developments had, on balance, been more positive since the December meeting. This was consistent with expectations of a gradual pick-up in the growth of global economic activity following the weakness seen in the September quarter 2012. Overall, growth was forecast to be around or a little above its long-term average over the next two years, with a strong contribution from faster-growing Asian economies. A wide range of indicators showed that growth in the Chinese economy had stabilised, underpinned by public spending and somewhat stimulatory financial ... (full story)
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