RBA - Monetary Policy Statement (February 2011)
The Reserve Bank of Australia (RBA) Statement on Monetary Policy for February 2011, released on Thursday, says Cyclone Yasi is likely to negatively impact growth during the early part of 2011.
The RBA said preliminary estimates suggested output in 2011 would be around 0.5% less than otherwise would have been the case, due to floods in the country's coastal regions, with most of the negative effect in the December and March quarters. The central bank said a full assessment of the magnitude of the
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