The meeting also addressed the issue of economic conditions

In addition, the meeting also addressed the issue of economic conditions. The members first focus is Australia's labor market employment situation. Despite strong rise in February employment, Australia's domestic labor market remains weak. The unemployment rate has remained at 6% in February. Although a series of labor demand indicators can be moderately improve the employment prospects, but the unemployment rate is still likely to slightly higher in a period of time; Second, inflation, the fed minutes,ASME RF/FF Welding Socket Weld slip on flange said Australia modest wage growth will help curb domestic inflation pressure, consumer demand has increased.

Economic growth level for its main trading countries, Australia the fed thinks it with similar to the beginning of this year, but noted that its biggest trading partner China's growth slowdown. "Chinese policymakers worry that the credit might be stimulating policy constraints, if China needed stimulus measures." Australia the fed meeting minutes said.
Data show that China's 2014 data show that economic growth is still a few months before continued the slow mode of starting the second half of 2013. China's GDP growth target of 7.5% set in 2014,DIN 2573 PN6 Plate Flange the same as in 2013.

For the U.S. economy, Australia the fed believes that the recent data and further to moderate economic growth is consistent, in spite of the bad winter weather conditions in the first quarter of this year's economic activity is affected by the temporary. Signs that the rising consumer and business investment in the us in recent months, and in February payrolls grew more than the average speed of 2013.Finally,API SPEC X65 Carbon Seamless Black painting Steel Pipe Australia, the fed said the recent Australian dollar's rebound lessened its support role in the economic recovery. Lower the currency still return to help balance the economy.

, waters, according to the analysis of Macao fed officials made it clear that the lower the Australian dollar will help the economy in mining era "after" to make the country to regain balance. The meeting minutes on March decline in business confidence by managers on the Australian dollar higher, at the same time has also been used to explain why the Australian manufacturing performance.