Australia’s central bank headed into the holiday period with a pledge to reassess the economic outlook at its first meeting next year as it monitors how three prior interest-rate cuts are impacting the economy.
“The available evidence suggested that more stimulatory monetary policy had been working through the usual channels,” the board said in minutes of its Dec. 3 meeting released Tuesday. “Economic growth and the unemployment rate remained broadly consistent with the forecasts, but members agreed that it would be concerning if there were a deterioration in the outlook.”
