Australia & New Zealand News
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Reserve Bank of Australia Deputy Governor Ric Battellino signaled no urgency to lower the developed world’s highest interest rates as policy makers weigh weak growth abroad against a domestic mining boom.
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Bonds are signaling inflation in Australia is slowing amid speculation the nation’s resource- driven growth is decelerating.
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New Zealand inflation slowed by more than economists forecast in the third quarter, giving the central bank scope to keep interest rates unchanged at a record- low until next year. The local currency fell.
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Australian government bonds fell, sending three-year yields to the highest in more than two months, as a global rally in stocks sapped demand for the safest assets.
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