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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