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The central bank reiterated it will not raise the cash rate from its record low of 0.10 per cent until inflation is sustainably between two and three per cent.
RBA
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The RBA governor has conceded the economy will likely contract in the September quarter, interrupting the strong recovery from last year’s recession.
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The Reserve Bank of Australia has held official interest rates at record low levels and kept its quantitative easing program unchanged.
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Australia's central bank will likely reverse its decision to taper its bond buying programme if Sydney remains in a coronavirus lockdown, bank economists say.
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The Reserve Bank of Australia has been taken to task for its evasiveness in responding to requests for information about board members' property holdings.
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There was much excitement last week when the RBA shifted to saying their “central scenario” is that a rise won’t be needed “before 2024″.
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Reserve Bank governor Philip Lowe will have another opportunity to explain the central bank’s policy intentions during a speech on the labour market.
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Australia’s official interest rates have been kept at a historic low after the Reserve Bank’s monthly meeting.
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Australia’s largest bank is predicting the RBA will eventually ditch its long-held view that a cash rate rise won’t happen until 2024 and hike sooner.
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The clock is ticking on COVID-19’s emergency policy settings, as a raft of central bankers discuss the prospect of a world of higher interest rates.
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Australia's interest rates will remain at the historic-low level of 0.1 per cent.
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