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RBA Minutes: Moderate Economic Growth Continues

Members of the Reserve Bank of Australia's monetary policy board said that the country's economy is seeing moderate growth, supported by low interest rates, minutes from the bank's April 4 meeting revealed on Tuesday.

Global growth as a whole appeared to be rising, the minutes added, in both developed and emerging economies.

Headline inflation is expected to pick up this year, the bank said, although underlying inflation is expected to advance at a slower pace.

At the meeting, the bank decided to lead its benchmark lending rate unchanged at the record low 1.50 percent.

by RTT Staff Writer

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