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Australian economy growing

By Reuters
November 21, 2017

SYDNEY: Australia´s economy is expected to accelerate at a "modest" pace as weak wage growth is seen weighing on consumption, keeping the need for stimulative monetary and fiscal policies, the International Monetary Fund said on Monday. The IMF said that interest rates in Australia were "appropriately accommodative. "The Reserve Bank of Australia (RBA) has left rates at a record low 1.50 percent for more than a year now with core inflation below its 2-3 percent target band for two full years.