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From rba.gov.au
At today's meeting, the Board decided to reduce the redemption rate by 25 basis points to 1.25%. The Council decided to support the growth of employment and build confidence in the fact that inflation would be consistent with the medium-term goal. The outlook for the global economy remains reasonable, although the risks of deterioration resulting from trade conflicts have increased. Growth in international trade remains weak and increased uncertainty is affecting investment intentions in a number of countries. In China, the authorities have taken measures to support the economy, while reducing the risks associated with … (full story)
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