RBA mulls further rate cuts as dollar keeps rising


The Australian central bank is expected to look for a softer currency to boost domestic sectors in the economy, according to observers, after the latest monetary policy minutes showed they would not rule out further rate cuts.

The minutes of the RBA's October 1 monetary policy meeting, released this week, confirm the central bank's commitment to a neutral policy stance. According to the RBA, a "substantial degree of policy stimulus […] had been imparted", but growth in the economy remained weak,

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