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RBA Likely to Keep Rate Unchanged as Floods Become `Elephant in the Room’

RBA Likely to Keep Rate Unchanged as Floods Become `Elephant in the Room’

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David Horton
30/01/2011 | 23:08 GMT

The Reserve Bank of Australia is likely to keep interest rates unchanged tomorrow as policy makers survey the economic damage and inflation-accelerating effects of floods across the nation’s east coast

Hardly a surprise….report from Bloomberg…

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