Concluding paragraph of the RBA's Dec meeting...>

RBA: Concluding paragraph of the RBA's Dec meeting minutes: The Board concluded

that the most appropriate approach would be to maintain the current stance of

monetary policy and to continue to assess the evidence of how the easing in

monetary policy was affecting the economy. Members agreed that it would be

important to reassess the economic outlook in February 2020, when the Bank would

prepare updated forecasts. As part of their deliberations, members noted that

the Board had the ability to provide further stimulus to the economy, if

required. Members also agreed that it was reasonable to expect that an extended

period of low interest rates would be required in Australia to reach full

employment and achieve the inflation target. The Board would continue to monitor

developments, including in the labour market, and was prepared to ease monetary

policy further if needed to support sustainable growth in the economy, full

employment and the achievement of the inflation target over time.