July 2021

July 2021

July 6, 2021

At its meeting today, the Reserve Bank of Australia (RBA) decided to: (i) leave the cash rate and the interest rate on exchange settlement balances at record lows of 0.10% and 0.00%, respectively, (ii) keep April 2024 as its target bond, with the yield target maintained at 0.10% and (iii) purchase A$4.0b of government bonds a week after the current bond buying program expires in early September.

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