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RBA forecasts faster growth, lower jobless

Low rates and petrol prices to drive consumer demand but China casts a shadow

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POLICY BOOST: RBA's policy of using low rates and a weaker Aussie dollar as a tailwind for industries is working in some areas: rising house prices have fuelled a residential construction boom.

Sydney

AUSTRALIA's central bank maintained its forecast of accelerating growth in response to easy policy, even as risks around China cast a shadow over the regional economic outlook.

The Reserve Bank of Australia trimmed its inflation forecast for the year through June 2016 and