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RBA Leaves Rates Unchanged @4.25%

  • World economy to grow below trend pace this year.
  • Europe to stay potential  source of shock for some time.
  • Monetary policy ‘remains appropriate.’
  • Inflation outlook provided scope for easing if needed.
  • China growth moderated as expected.
  • Labor conditions softened in 2011.
  • Moderate Asia inflation has allowed regional policy easing.
  • Continue to monitor economic, financial conditions.
  • Acute financial pressures on EU banks alleviated considerably.
  • Borrowers interest rates close to medium term average.