The Reserve Bank of Australia would consider further monetary easing if needed to underpin sustainable growth and inflation and reviewed various unconventional policy loosening measures, according to the minutes of the meeting held in August.
At the meeting, policymakers assessed it appropriate to view the developments in both global and domestic economies before cutting rates further, the minutes said Tuesday. The bank retained its cash rate at 1.00 percent in August. Earlier, the RBA had reduced the interest rate by 25 basis points in June and July. The back-to-back rate cut was the first since mid-2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.