Australia: New Motor Vehicle Sales (YoY) (Mar): 4.5% vs 9.4%

On its considerations for monetary policy from the latest RBA minutes just released, the central bank reiterated its stance on 'further scope to ease' if necessary. For now though, they pointed at 'the most prudent course being to hold rates steady and to continue to assess developments over the period ahead.' RBA added that effects of rate cuts still have further to run into the economy, noting that they will continue to assess developments over the period ahead