May 2022

May 2022

May 3, 2022

At its meeting today, the Reserve Bank of Australia (RBA) decided (i) to increase the cash rate target by 25 basis points to 0.35%, (ii) to increase the interest rate on the Exchange Settlement balances by 25 basis points to 0.25%, (iii) not to reinvest the proceeds of maturing government bonds in its portfolio, but also not to sell government bonds at this stage.

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