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Australia’s central bank raises rates, says path to soft landing is narrow

Por: MarketWatch Business December 06, 2022

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“Economic growth is expected to moderate over the year ahead as the global economy slows, the bounce-back in spending on services runs its course, and growth in household consumption slows due to tighter financial conditions,” RBA Gov. Philip Lowe said in a statement. “Given the importance of avoiding a prices-wages spiral, the board will continue to pay close attention to both the evolution of labor costs and the price-setting behavior of... + full article



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