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RBA Statement on Monetary Policy
Over the past year, growth of Australia’s major trading partners (MTPs) has been around its historical average. In China, GDP growth eased marginally over the year to the September quarter, with weakness in the property sector weighing on growth of industrial production, which has slowed a little. Nevertheless, overall growth remains consistent with the authorities’ target of 7.5 per cent for this year. In Japan, activity looks to have increased modestly following the sharp decline in output after the consumption tax increase in April. In the rest of east Asia, over the past two quarters output looks to have ... (full story)
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