April 2020

April 2020

May 8, 2020

The cash rate target remains at 0.25%, and the RBA continues to purchase Australian Government and state government bonds across the yield curve in the amounts necessary to maintain the 0.25% target for the 3-year Commonwealth bond yield and the smooth functioning of the bond market. The Perth CPI rose 0.4% in Q1 2020 to be up 2.1% YoY. Western Australia exported A$42.9 billion of goods in the three months to February. Retail sales rose a seasonally adjusted 9.9% month-on-month in Western Australia during March.

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