India, April 15 -- Policymakers of the Reserve Bank of Australia said it is important to remain alert to the evolving balance of risks and concluded that the May meeting would be an opportune time to revisit the monetary policy setting, the minutes of the April meeting showed on Tuesday.
Members judged that it was not appropriate at this stage for monetary policy to react to the potential risks that could move outcomes in either direction, the minutes said.
At the April meeting, the bank had retained its interest rate at 4.10 percent. Previously, the bank had reduced the rate by a quarter-point in February.
By the time of next meeting, additional data about inflation, wages, the labor market and trends in economic activity along with a f...