RBA says Australia's prospects pretty good

AUSTRALIA - The Reserve Bank of Australia said on Monday there were good reasons to be confident about the domestic economy over 2002, but warned that Japan remained the biggest risk to a global recovery.

In the first speech by a central bank official this year, Deputy Governor Glenn Stevens said economic prospects were "pretty good", although there could be a weak patch during 2002.

His comments supported analysts' expectations official interest rates would be left unchanged for quite some tim

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