RBA – saw signs that lower rates are working, retains scope to cut further

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Eamonn Sheridan

19/02/2013 | 00:31 GMT

Softer Aust. labour market
Employment growth to remain modest
Growth stabilized in China
Saw more positive global conditions
Says inflation outlook gives room for lower rates
Rate-sensitive areas of the economy show signs of response to cuts
Housing pick up expected to support dwelling investment

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