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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion by noting that growth in the global economy had remained moderate over preceding months. Global trade and manufacturing activity had slowed over the preceding year. Trade tensions had remained elevated, although no new measures had been introduced since the previous meeting. In China, recent indicators of economic activity suggested that growth had slowed since the March quarter. Growth in industrial production had fallen following a strong reading in March and the level of fixed asset investment had declined. Conditions in the Chinese property market had also softened and ... (full story)
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RBA Minutes: To adjust policy 'if needed' support growth and inflation. Lower rates unlikely to spur an unwelcome rise in borrowing #AUDUSD #RBA
— DailyFX Team Live (@DailyFXTeam) July 16, 2019
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RBA: The Board would continue to monitor developments in the labour market closely and adjust monetary policy if needed to support sustainable growth in the economy and the achievement of the inflation target over time. https://t.co/zfuYvsnSku
— Anthony Barton (@ABartonMacro) July 16, 2019
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RBA Minutes: Indicators suggest jobs growth to moderate in the coming months #AUDUSD #RBA
— DailyFX Team Live (@DailyFXTeam) July 16, 2019
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