RBA Statement on Monetary Policy, February 2006

The Reserve Bank of Australia published its February 2006 Statement on Monetary Policy on 13 February. Global economic conditions are continuing to provide a favourable environment for the Australian economy, according to the report.

The expansion underway over the past few years was initially led by the United States and China, but it has become more broadly based over time. Conditions in Japan have improved markedly over the past year, and there has been good growth elsewhere in east Asia and

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