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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 global growth had remained reasonable, having eased since mid 2018. Near-term indicators relating to trade, manufacturing and investment had remained subdued, although consumption growth had been relatively resilient, supported by strong labour market conditions especially in the advanced economies. Despite wages growth having generally trended higher over the preceding few years, inflation had remained below target in a range of economies. Growth in major trading partners was expected to slow a little in 2019 and 2020. This outlook had been ... (full story)
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RBA: REASONABLE TO EXPECT "EXTENDED PERIOD" OF LOW INTEREST RATES
— First Squawk (@FirstSquawk) August 20, 2019
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- RBA Aug Minutes: Board Reviewed Experience Of Developed Nations With Unconventional Monetary Policy
— LiveSquawk (@LiveSquawk) August 20, 2019
- Noted A Package Of Measures Tended To Be More Effective Than Single Steps