Australia’s central bank is keeping its policy options open as it predicted the economy probably cooled last quarter, momentum in the jobs market has eased and inflation is set to remain weak. Second-quarter data available was “consistent with a moderation of GDP growth following the stronger-then-expected outcome” three months earlier, the Reserve Bank of Australia said in minutes of its July 5 meeting in Sydney Tuesday. “Inflation was still expected to remain quite low for some time,” the RBA reiterated after leaving...
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