RBA Monetary Policy Meeting Minutes

From rba.gov.au

Overall, growth of Australia's major trading partners in the June quarter was around its average of the past decade and recent indicators suggested that this pace of growth had continued. The Chinese economy was growing at around the pace evident since the start of the year, and members noted that indications were that GDP growth was likely to remain close to the authorities' target of 7.5 per cent over the remainder of the year. Growth had been driven in large part by domestic demand, with demand for property continuing to rise, although perhaps at a slower rate than earlier in the year. Along with strong growth of ... (full story)