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'Animal spirits' returning: RBA boss

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June 19, 2017

RBA governor Philip Lowe believes the world economy is in better shape than it's been for some time.

Reserve Bank governor Philip Lowe believes the world economy is in a better position that it has been for some time.

"To be clear, we are not talking about a boom and there are still plenty of risks out there," Dr Lowe told a conference in Canberra on Monday.

But the "animal spirits" of the business world which have been missing for quite a while "might just be starting to come back".

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