The Reserve Bank says it will 'reassess' the economic outlook at its February meeting and is prepared to ease interest rates even further if needed.
Minutes of the Reserve Bank's December meeting suggest it will consider a rate cut early in the new year.at its meeting this month, with markets expecting at least another cut by the middle of 2020.
"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."
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