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Official interest rates will remain at 5% following a decision yesterday by the Reserve Bank board to leave monetary policy settings unchanged. This decision was expected by analysts, in light of better economic data over recent weeks, particularly pointing to stronger quarters ahead. Data from the Australian Bureau of Statistics revealing whether Australia has entered into a technical recession will be released publicly at 11.30 this morning. This data is expected to show the economy grew at a rate of about 0.4% to 0.7% in the March quarter, following negative growth in the December quarter.
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Thursday, February 09, 2012