The Australian Reserve Bank released its minutes concerning September 1 meeting. The bank said that it needs to balance the risk of increasing inflation versus choking economic recovery as the bank focus on raising interest rates from its half century low, worth mentioning the Australia's monetary policy makers decided to keep interest rates at the low record of 3.00% for the fifth consecutive meeting.

The bank said that it kept borrowing costs unchanged to avoid affecting demand and confidence. The RBA added that increasing demand from Asian countries, besides the stimulus plan and exceptional monetary policy helped the economy to show improvements more than expected, having in mind that the Australian economy expanded 0.6% in the second quarter.