The Reserve Bank of Australia held off a further interest rate cut because of stronger housing markets, despite new risks to the economy from the coronavirus, board meeting minutes reveal.
The board noted that previous outbreaks of new viruses had "significant but short-lived negative effects" on economic growth in the economies at the centre of the outbreak.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
