Reserve Bank of Australia governor says board did not ‘explicitly’ consider case for a rate cut on Monday and Tuesday

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The governor of the Reserve Bank of Australia, Michele Bullock, says the central bank is ready and able to cut interest rates if needed to shield the economy from a damaging global trade war.

Bullock made the comments after the central bank’s monetary policy board held rates at 4.1%, in a decision that was widely expected and clearly telegraphed by Bullock at the previous meeting in February.