Reserve Bank of Australia announced its April meeting minutes, where the board members pointed to some points on the nation's economy that should be taken into consecration during the upcoming period.

The board members pointed that Europe's debt crisis still have the biggest worries during the current period, adding that China is expected to show a moderate growth during the year as china is considered the main trading partner to Australia.

On the other side, today's meeting minutes pointed that interest rates will be modified if inflation rates remained at target area. Also pointed that although while sale funding cost falls, it's still relatively high, adding that labor sector in Australia is still subdued.