The Reserve Bank of Australia said that the current rates are suitable, yet there is a chance to another cut in the interest rates.

On the other side, the RBA said that the GDP growth rates will be within the targeted levels during the next two years, yet it announced that the current improvements in confidence in U.S. and Europe financial markets are weak.

Lastly, the Australian dollar continues its decline after the issuance of the meeting minutes and now it's traded at 1.0705.