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flag Australia’s central bank nears inflation target, with balanced risks and steady economic activity.

flag Assistant Governor Sarah Hunter of the Reserve Bank of Australia said the central bank is close to meeting its inflation target, with risks now balanced. flag She emphasized that monetary policy takes time to affect the economy, requiring a forward-looking approach. flag Household spending and consumption have improved, and the RBA is closely monitoring consumer demand to maintain economic activity near full employment. flag While the July CPI was influenced by rebate timing, core inflation remains in line with forecasts.

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