Woolworths refuses to answer ACCC's questions on bargaining power, Tesla rallies, ASX hits another intra-day record high — as it happened
ABCThe minutes of the Reserve Bank Board's recent meeting have just been released. In the minutes from the RBA board's meeting a fortnight ago, the central bank considered risks that could have "important implications for monetary policy" that could result in forecasts being "materially wrong". These include "major changes in the US economic policy following the presidential election" and the possibility that stimulus proposed by Chinese authorities to breathe life into its economy might "differ from expectations". The Board also considered a rapid decline in the labour market where "conditions eased materially and more sharply than expected" in turn lowering inflation. "If forward looking indicators begin to suggest a widespread easing in retrospective labour market conditions and a more rapid easing in inflation, the Board might need to consider a policy response."
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Reserve Bank keeps interest rates on hold in December but leaves door open to a February cut
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