It is important to point out, though, that while we need to take account of these global trends, there is no automatic mechanical link between what is happening elsewhere and our own  https://www.rba.gov.au/speeches/2019/sp-gov-2019-10-29.html  16/18  10/30/2019  Some Echoes of Melville | Speeches | RBA  monetary policy.
At each meeting of the Reserve Bank Board we are asking ourselves what is best for the Australian economy and for the welfare of the Australian people. Over the course of this year we have lowered interest rates three times to a record low of ¾ per cent.