RBA holds on signs of stabilising global economy
Members of the Reserve Bank of Australia's rate-setting board left the policy rate unchanged on signs that the global economy was stabilising, the minutes of this month's policy meeting show.
The board said that importantly for Australia, the Chinese economy was growing quite robustly, partly due to strong public-sector construction, and production had also picked up in a number of other Asian economies. The board said that information on the domestic economy suggested that economic activity was
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