Australia's central bank painted a cautious picture of the economy on Feb 12, 2001, saying domestic growth had slowed and much depended on the outlook for the United States. Less than a week after slashing official interest rates by half a percentage point, the Reserve Bank said the domestic economy would continue expanding and inflation was under control. And it was relatively upbeat on the prospects for domestic growth, saying that the weakest spot in the economy, the housing sector, was li
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