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MNI: RBA Minutes Point To Next Rate Move Up - Eventually: Text

MNI (London)
     SYDNEY (MNI) - The Reserve Bank of Australia again stressed the next move
in interest rates is likely to be higher, although there is no strong case for
adjusting monetary policy in the near term, the minutes of the November 6 policy
meeting show.
     Rather, members assessed that it would be appropriate to hold the cash rate
steady and for the Bank to be a source of stability and confidence while this
progress unfolds
     The RBA also noted continued risks to global growth linked to the ongoing
trade disputes, seeing a slowdown in some areas of the Chinese economy.
     The full text of the Nov x meeting minutes can be found here: goo.gl/8wsk2y
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MMLRB$,M$A$$$,M$L$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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