The Reserve Bank of Australia (RBA), which has cut rates twice this year to a record low of 1%, was commenting in written responses file:///C:/Users/U8016670/Downloads/RBA%20responses%20to%20quest ions%20in%20writing%201-19.pdf to lawmakers' questions in parliament.

The RBA said if warranted, it would focus on reducing the risk-free interest rate which involves cutting the cash rate further and possibly buying long-term government bonds.