Rate cut doesn’t commit RBA to further easing

Economic outcomes: Bullock speaks in Parliament House in Canberra. The minutes shine a spotlight on why the Reserve Bank governor sounds cautious after the board met market expectations to deliver a first rate cut in four years. — Reuters

SYDNEY: Australia’s central bank board is cautious about future policy easing after cutting interest rates for the first time in four years.

Minutes of its February meeting showed that it is worried that rapid moves could jeopardise inflation’s return to the 2.5% midpoint of its target.