The week started with the minutes of the Reserve Bank of Australia Monetary Policy meeting showing that the central bank saw “significant uncertainties” in the economy as property values took a nosedive. This opened the door to future rate cuts. Earlier in the month on February 6, RBA Governor Philip Lowe opened the door to a possible rate cut by acknowledging growing economic risks, in a surprise shift from its long-standing tightening bias. Australian economic data was mixed last week with the Wage Price Index coming in at 0.5%, lower than the 0.6% forecast. The Employment Change showed the economy added 39.1K jobs ... (full story)