More rate cuts in RBA mix to guard economy

Original article by David Rogers
The Australian – Page: 19 : 21-Aug-19

The minutes of the Reserve Bank of Australia’s latest monthly board meeting show that the central bank will be open to further easing of monetary policy if the economic outlook worsens. The minutes also indicate that RBA board members expect that official interest rates may need to remain at a record low for some time in order to achieve the central bank’s inflation target. However, the RBA also indicated that it will assess developments in the global and domestic economies before taking any further monetary policy action. Sally Auld of JP Morgan does not expect a rate cut until February.

CORPORATES
RESERVE BANK OF AUSTRALIA, JP MORGAN AUSTRALIA LIMITED, WESTPAC BANKING CORPORATION – ASX WBC

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