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Market Commentary / Charts
AUSTRALIAN SPECIAL - 6th May 2008
The Reserve Bank of Australia left rates on hold at 7.25%
Tuesday.
RBA says price rises are widespread, aggregate demand needs to
be substantially
slower, although evidence is accumulating that demand is
slowing. On inflation,
the RBA says its is likely to remain high in the short-term, but
should decline
over time if demand slows.
Aussie treasurer Swan said demand is moderating. Aussie Govt to
build a `strong
surplus'. Inflation is a substantial problem, and the rate
decision is a
welcome relief.
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