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Australia inflation bogeyman still fast asleep in second quarter

July 24, 2017 By Wayne Cole SYDNEY (Reuters) – Australia’s core inflation rate is expected to have stayed below target for a sixth straight quarter through April-June, a reminder of just why interest rates in the country are at record lows and set to remain there for months to come. Analysts polled by Reuters forecast consumer prices (CPI) rose around 0.4 percent in the second quarter, from the first, which would nudge the annual pace up a tick to 2.2 percent. The Australian Bureau of Statistics releases the report for…

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Thousands flee as Cyclone Debbie bears down on Australia

March 27, 2017 By Tom Westbrook SYDNEY (Reuters) – Thousands of Australians abandoned their homes as a powerful cyclone bore down on coastal towns in Queensland on Monday, while others ignored authorities’ advice to evacuate with winds forecast to reach up to 300 km per hour (185 mph). Cyclone Debbie is forecast to strengthen to a Category four storm before it makes landfall in the northeast state early on Tuesday, the Australian Bureau of Meteorology said. State Premier Annastacia Palaszczuk warned it would be the most powerful storm to hit…

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