The Reserve Bank of Australia (RBA) published the minutes of its monetary policy meeting on Tuesday, with the key headlines found below:
Board would consider further policy easing if needed to support growth and inflation targets. We can achieve employment and inflation goals by extended period of low interest rates. Members would assess developments globally and at home when considering monetary policy.
Escalation in Sino-US trade dispute has intensified downside risks to global growth.
Analysts said that Reserve Bank of Australia meetings indicate that there will be another rate cut in current year.