RBA board minutes show it’s not ruling hike nor cut, in nor out

The Reserve Bank's message that it is not ruling a hike or cut in or out is set against a diagnosis of a decidedly weak economy, the latest RBA board minutes say.

At its last meeting in September, the board left the cash rate at 4.35 per cent.

While inflation is gradually easing, the RBA has weak household spending, a spluttering Chinese economy and frail productivity on its radar.

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