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Australian economy weakens as RBA meets on interest rates – business live

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Another batch of data will give a clearer picture about how the economy has fared in the past three months but even the PM admits it’s been ‘soft’. Follow the blog for all the developments and the RBA decision live at 2.30pm

Stock markets across Asia Pacific are open. The ASX200 in Sydney has started the day flat while the Nikkei in Tokyo is down 0.27% and the Kospi in Seoul is off 0.15%.

 

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When China goes down, the whole world goes down.

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