Investing.com - The Reserve Bank of Australia is not closing off
the possibility to support sustainable economic growth even as
evidence of the impact of a record low cash rate of 2.5% becomes
evident, according to the minutes of the Nov. 5 board meeting
released on Tuesday.
The minutes suggested that the exchange rate however remains
"uncomfortably high" and has hindered a shift from resources-led
investment to housing and other sectors.
The RBA said it judged it was prudent to leave the cash rate
unchanged, but "not to close off the possibility of reducing it
further should that be appropriate to support sustainable growth in
economic activity, consistent with the inflation target."
AUD/USD traded at 0.9374, down 0.02%, just after the release of the
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