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Economy sluggish - but no rate cut tomorrow


The Reserve Bank is expected to adopt a ‘‘wait and see’’ approach to a further easing of interest rates at its first board meeting of the year tomorrow, despite a raft of weak data pointing to a softening economy.
Building approvals for December were weaker-than-expected, the ANZ job advertisements survey fell by 0.9 per cent in January and inflation remain subdued, a series of economic indicators released today showed.

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