RBA's Edey on the Australian economy

In a speech given on 25 February Malcolm Edey of the Reserve Bank of Australia reiterated the RBA's recent stance that demand would continue to encourage growth and also acknowledged that inflation had outstripped the central bank's expectations.

Speaking at a Committee for Economic Development of Australia (CEDA) forum in Sydney, he said growth would continue, albeit at a slower pace.

"With a favourable world environment, rising commodity prices, and high levels of confidence domestically, the

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