Sina News Beijing time 3 news, the RBA announced interest rate resolution, keeping the cash rate at a record low of 0.75% in December, with an expected previous value of 0.75%.

The Reserve Bank of Australia will announce its last policy meeting of the year today after the market said Allianz was on hold. While some economists believe there is already a case for the fourth consecutive rate cut since June, and consumers are happy to see it, it seems that policymakers are inclined to wait for a rate cut in February.

Expectations that the RBA will cut interest rates further are rising amid uncertainty about the international trade situation and poor performance of Australian economic data. Mr Lowe, chairman of the RBA, said a few days ago that he did not expect Australia to have to use quantitative easing (QE), but if necessary, it would be in the form of government bonds, and would only be implemented if the target overnight lending rate was as low as 0.25%.