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Mining sector showing signs of slow down

Posted on 20 December 2012

The lowering of the official cash rate from 3.25 to 3 per cent in early December was partly inspired by a belief that the mining boom in Australia is beginning to plateau, according to the Reserve Bank of Australia (RBA).
According to the Central Bank, short-term investment outlook outside of the resources sector is soft enough to prompt supportive measures on interest rates. RBA governor Glenn Stevens forecasts a gap in growth in 2013 if sectors away from mining do not see improvement………………………………………..Full Article: Source


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