Outlook positive for Lucky Country

Declaring the central bank board would leave the cash rate unchanged at 3%, with monetary policy remaining accommodative, Glenn Stevens, the governor of the Reserve Bank of Australia has said the Australian authorities would continue to tailor policy to keep growth and the inflation target on track.

Stevens indicated that the impact of the global recession on Australia had not been so bad as initially expected, and that the overall picture was improving. Business investment, consumer spending an

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