- RBA saw policy as appropriate amid the falling $A and past rate cuts
- Inflation outlook could still give some scope fro further easing
- Aud drop expected to add a little to inflation over time
- near-term outlook for non-mining investment modest
- Inflation to remain consistent with target amid AUD drop
- Possible AUD will fall further as terms of trade fall
- Says US recovery continuing at moderate pace
- Indicators point to steady growth of China’s economy
- Mining investment looked close to, if not past, its peak
- Says effects of lower interest rates had ‘further to run’
- Indicators implied only modest jobs growth in months ahead
Full text of the minutes: LINK
