RBA considered cut at latest meeting – minutes
Case was made for monetary easing, but board decided to adopt ‘wait-and-see approach’
The Reserve Bank of Australia’s (RBA) policy-makers mulled cutting rates at their latest monetary policy meeting, but opted to review the effects of past cuts before taking any action.
In the minutes from the meeting, published today (November 19), board members noted they could have made a case for monetary easing.
However, it was decided the “appropriate approach” would be to make “another full assessment” once the effects of the earlier cuts had become visible in the data.
“Having already
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