RBA minutes: AUD slides as reference to tighter policy dropped

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Sean Lee

19/07/2011 | 01:31 GMT

Minutes of July 2011 monetary policy meeting of the RBA

Prudent to use more time to assess likely strength of inflationary pressures
June quarter CPI to be important in shaping inflation view
Downside risks from possible EZ financial shock now more significant
Global growth slowing but still expected to grow
Medium-term Australian outlook still strong on robust Asia

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