Minutes show RBA could still ease further
Document spells out board discussion in May that saw cash rate cut to 2%
The Reserve Bank of Australia (RBA) could still cut its cash rate further in the months to come, according to minutes from the board's meeting on May 5.
At that meeting the board elected to cut the cash rate by 25 basis points to 2%, while dropping its guidance that "further easing of policy may be appropriate over the period ahead".
Nonetheless, board members "did not see this as limiting the Board's scope for any action that might be appropriate at future meetings", according to minutes
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