The Reserve Bank of Australian released today its minutes, where the Bank saw that keeping rates unchanged steady at 4.75% it's a prudent decision amid the slowing global economy, while the Bank aims to support the economy to rebound.

Meanwhile, the Bank has indicated that it will cut the interest rates by 25 basis points if the economy's position needed, whereas the Australian economic growth somewhat slower than expected.

The Reserve Bank of Australia announced that the global market still very unsettled as the European debt crisis expands during the time.