Eye on RBA Minutes

The Reserve Bank of Australia, the country’s central bank, is scheduled to release the minutes of its November monetary policy meeting on Tuesday, NewsNow reported. The minutes will be closely watched for the RBA’s monetary stance. The central bank decided to leave the cash rate unchanged at 1.5%, its record low, after the November meeting. “Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are assisting the economy to make the necessary adjustments, though an appreciating exchange rate could complicate this,” the central bank said in a statement on November 1.