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RBA ready to utilize monetary policy

09-21-2010 09:48 BJT

Australia's central bank chief says he's willing to use interest rates to manage a strong pick-up in the domestic economy, expected in the coming months.

The Reserve Bank of Australia governor notes some risks to the upbeat outlook for the Australian economy. They include an expected slowdown in China, contraction in the U.S. and a return of financial market chaos.

The governor says Australia's trade terms will decline slightly from 60-year highs, but will still remain strong. High export prices will add to income, spending and tax receipts, even as the stimulative effects of earlier low interest rates and budgetary measures, continue to unwind. The governor also says domestic inflation won't fall much further.

Editor:Xiong Qu |Source: CNTV.CN

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