It is good practice to consider the issues and arguments from all angles, and we do this as part of our regular processes. As you know, following its deliberations at the November meeting, the Board again decided to maintain the cash rate at 1.5 per cent, where it has been since August 2016. The central messages also remain the same.
Argentina, Brazil, South Africa,  Turkey  and  Russia  have  already  depreciated their currencies significantly due to this shock; iii. Uneven fluctuations in the international prices of commodities including crude oil, gold, cocoa, etc. After hitting $ per barrel in October 2018, oil prices have dropped by over 30% as at November 25, 2018; iv.