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RBA ready to act on rates despite slowing economy
Lateline - 10/05/2008: Stephen Long discusses Reserve Banks forecasts
Quote:
The economy may be slowing, but the Reserve Bank is poised to act on interest rates as surging mineral prices continue to drive up national income. And one economic analyst believes that that means tax receipts could push the Budget surplus above $20 billion.
While the Government's dismissed that prediction, it agrees that significant spending will be needed to tackle the inflation problem.
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Sim'
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