Australia's economy is on track for moderate growth despite a better-than-expected pickup recently, Reserve Bank governor Glenn Stevens says.
New figures released on Wednesday show that Australia's economy grew by 0.9 per cent in the September quarter, and by 2.5 per cent in the 12 months to September.
The result beat economists' forecasts and followed a disappointing 0.3 per cent rise in the June quarter.
Addressing a business function on Wednesday, Mr Stevens said the September quarter result would be welcomed.
"Let's not overplay the significance, but the economy is growing and I think that the outlook for continued moderate growth, you would still say that's the outlook based on this incremental bit of additional information," he said.
"And I have no further guidance to offer, `chilling out' or otherwise, on interest rates today."
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