The most important points in RBA meeting minutes

RBA indicated in the results of its December meeting that it will reassess conditions at its next February meeting. The main results of the meeting came as follows:
• The bank agreed on the importance of evaluating the economic outlook again.
• The bank will be concerned if the economic outlook deteriorates.
• The job market suffers from some weakness.
• The economy appears to have reached a good turning point.
• Willing to take all necessary measures if necessary.
• Willing to facilitate monetary policy further.
• The bank will keep interest at low levels for a longer period of time to meet employment and inflation targets.
Slowing household income growth has created anxiety.
Current wage rates are not strong enough to reach inflation and consumption targets.
• Interest has been reduced by reducing bond and mortgage yields.
House prices continued to rise, but construction was declining for several more quarters
• Retail sales growth stabilized in October and November
Some of the negative risks to the global economy have receded