RBA meeting minutes

The Reserve Bank of Australia released its September meeting minutes, where monetary policy makers decided to keep interest rate steady at its record low of 2.5% to support the economy.

The central bank reaffirmed rate stability and ensured that it is monitoring housing price risks, adding that credit growth inclined, which can be considered as a sign of improvement.

As for mining investments, the central bank said it is set to drop noticeably next year, while non mining investments shall pick up modestly in the coming period.