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RBA's Edey on Australia in the global economy

In the speech 'Australia in the global economy' given on 16 March Malcolm Edey of the Reserve Bank of Australia said Australia's underlying inflation level is still expected to decline slightly over the next two years to around 2.75 pct which is higher than ideal.

Speaking at the Australia and Japan economic outlook conference in Sydney, Edey reiterated the central bank's view within its February quarterly statement on monetary policy that inflation is more likely to be too high than too low in

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