RBA justifies March rate hike
The Reserve Bank of Australia's (RBA) policymakers opted to hike rates a quarter point earlier this month on further evidence of a pick-up in economic activity, minutes published on Tuesday reveal.
At the February meeting, the Reserve Bank's Board had decided to leave the stance of monetary policy unchanged, pending more information about economic circumstances. However recent data showing economic growth of 0.75-1%in the quarter to December and evidence that labour market conditions had
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