Quite amusing reading the RBA's Board Minutes today, which very much dismiss any notion--bandied about by some folks--that the Aussie economy is currently struggling along at a "sub-trend" pace. This is just wrong, and misleading. Sure there are downside risks to the domestic economy--but they have yet to materialise in the hard data. To quote the RBA:
"Domestically, some of the recent economic data had been more positive than a few months earlier, and overall growth was consistent with trend."
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