The Trader 

Market Outlook: Minutes from Australia’s Reserve Bank

The Trader

Published this morning, Minutes from the Reserve Bank of Australia said: ’there was scope to ease monetary policy further if needed’. The key Cash Rate was cut recently to a new record low at 1 per cent. The reasoning behind the comment is because it’s keeping an eye on the slowing Chinese economy  - its biggest trading partner – and house price falls which are causing a sagging in consumer sentiment.

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