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AUSTRALIA: The economy continues to face a favorable.

By   || March 9, 2010 at 23:55 GMT
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AUSTRALIA: The economy continues to face a favorable with inflation
remaining within target, but flexibility in both macroeconomic policy
and the economy will be key to offset any risks ahead, said Philip
Lowe, an assistant governor at the Reserve Bank of Australia. “We will
need to keep a strong focus on improving the supply side of the economy
so that demand can grow solidly without putting upward pressure on
inflation,” Lowe said in a speech today. Lowe also repeated the central
bank’s positive outlook for the economy, but identified the three most
pressing challenges as the need to expand the supply side, tackle the
housing shortage and keep inflation low.

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