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RBA grim but not gloomy

Reserve Bank of Australia governor Glenn Stevens says the near-term outlook for the nation is weak and that the RBA has more interest rate ammunition to use if needed to protect the economy from the global downturn, but he does not expect the economic downturn to be a deep one.

Reserve Bank of Australia governor Glenn Stevens says the near-term outlook for the nation is weak and that the RBA has more interest rate ammunition to use if needed to protect the economy from the global downturn, but he does not expect the economic downturn to be a deep one.…

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