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Confident RBA chief sees world in lasting growth phase

Mar 8, 2017 - Australian Financial Review

The Reserve Bank of Australia has been buoyed by hard evidence the global economy has decisively entered a lasting expansionary phase, which will ultimately increase the central bank's scope to reverse official interest rate cuts blamed for the overheating Sydney and Melbourne property markets.

Led by a raft of strong economic data around the world, including gains in industrial production and trade flows, the Reserve Bank is feeling more confident that this year's surge in global sentimen

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