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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of the global economy by noting that growth in Australia's major trading partners had slowed over the past year from above-trend growth in 2017 and the first half of 2018. The slowing had been led by a decline in trade and investment growth, but recent indicators suggested that this weakness had begun to spill over to the services sector in some countries. Despite this, in major advanced economies employment growth had remained above growth in working-age population, but had eased, particularly in the manufacturing sector. Overall, labour market conditions remained tight but ... (full story)
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RBA Minutes: Board Prepared To Ease Policy Further If Needed
— LiveSquawk (@LiveSquawk) November 19, 2019
-Board Agreed "Case Could Be Made" For A Rate Cut At The Nov Meeting
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More headlines...
— Kyle Rodda (@Kyle_Rodda) November 19, 2019
* RBA: MOST APPROPRIATE APPROACH WAS TO HOLD RATE, ASSESS EFFECTS
* RBA: CUT COULD HAVE DIFFERENT EFFECT ON CONFIDENCE THAN IN PAST
* RBA: SPARE CAPACITY IN THE LABOUR MARKET LIKELY FOR "SOME YEARS" #RBA #ausbiz