RBA Statement on Monetary Policy (06/05/16)

Economic conditions in Australia’s major trading partners generally appear to have eased a little of late. Growth in China moderated further in the March quarter. Subdued investment growth in the manufacturing sector was partly offset by rising public infrastructure investment and a return to growth in real estate investment. The latter was consistent with a strengthening in the property market in recent months in response to a range of earlier measures to stimulate demand. The moderation of Chinese growth has affected Asian economies and emerging economies in other regions that have strong trade links with China. ... (full story)

News Source: forexfactory