FXStreet reports that economist at UOB Group Lee Sue Ann reviewed the latest RBA meeting (December 1).

“The Reserve Bank of Australia (RBA), at its final monetary policy meeting of the year, decided to retain the current policy settings.”

“Our view remains for the RBA to hold off (for now) in regards to bringing the policy rate into negative territory. If the need for more easing arises, more Quantitative Easing (QE) and yield curve control are likely to follow first. We also see fiscal policy continuing to play a key role in stimulating the economy and expect that the government will need to do more.”