Australia's RBA upbeat on economy

The Reserve Bank of Australia said in its monetary policy statement 10 November "The economic situation has evolved rapidly over months, both in Australia and abroad." The report paved the way for further interest rate increases, AFP said, as housing debt levels continue to grow and domestic pressures drive inflation.

Source: AFP

Australia's central bank has painted a rosy picture of the domestic and global economies, and breathed a sigh of relief after being troubled for months by an uncertain

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