Reserve Bank of Australia wary of risks from European contagion

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The danger of Australia's crucial export markets in Asia suffering as a result of continued sluggishness in the European economy continues to concern the Monetary Policy Committee of the Reserve Bank of Australia, according to minutes of the committee's latest meeting.

Committee members noted that while the threat of contagion from Europe seemed "somewhat less likely" than in recent months, it remains a concern for policy-makers.

Members noted that were it to become necessary in future, there

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