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Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The rollout of vaccines is supporting the recovery of the global economy, although the recovery is uneven. While there are still considerable uncertainties regarding the outlook, the central case has improved. Global trade has picked up and commodity prices are mostly higher than at the start of the year. Inflation remains low ... (full story)
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THE RBA'S BOARD OF DIRECTORS ESTIMATES THAT JOBS AND INFLATION EXPECTATIONS WILL NOT BE REACHED UNTIL 2024 AT THE EARLIEST.
— Breaking Market News (@financialjuice) April 6, 2021
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RBA: THE BOARD WOULD NOT LIFT THE CASH RATE UNTIL REAL INFLATION RETURNS TO THE 2-3% GOAL RANGE.
— Breaking Market News (@financialjuice) April 6, 2021
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RBA: THE BANK IS ALSO DEDICATED TO THE 10-BASIS-POINT YIELD GOAL FOR THE NEXT THREE YEARS.
— Breaking Market News (@financialjuice) April 6, 2021
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RBA: THE AUSTRALIAN DOLLAR HAS REMAINED AT THE UPPER END OF ITS RECENT RANGE.
— Breaking Market News (@financialjuice) April 6, 2021