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Australia Central Bank Board Discussed Unconventional Policy at August Meeting
Tuesday, 20 August 2019 09:04 WIB | FISCAL & MONETARY |RBABank Sentral Australia,

Australia's central bank discussed unconventional monetary policies, including negative interest rates, at its August board meeting as it left the door ajar for further easing having already cut rates twice to 1%.

Minutes of the Reserve Bank of Australia's (RBA) Aug.6 meeting showed it would consider further cuts to interest rates if it was needed to support growth and achieve its 2% to 3% inflation target.

The RBA left interest rates at all-time lows earlier this month after easing by a quarter point in both June and July.

Financial markets are fully priced for another rate cut to 0.75% by year-end, and to 0.5% by February.

Economists polled by Reuters prior to the August meeting predicted a third cut would come in November.

The RBA was tight-lipped about the timing of the next move, saying only that it would consider a further easing "if the accumulation of additional evidence suggested this was needed" to support its growth and inflation targets.

Source : Reuters

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