At its meeting today, the Board decided to: *Maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent *Maintain the target of 10 basis points for the April 2024 Australian Government bond *Continue to purchase government securities at the rate of $5 billion a week until early September and then $4 billion a week until at least mid November. The economic recovery in Australia has been stronger than was earlier expected. The recent outbreaks of the virus are, however, interrupting the recovery and GDP is expected to decline in the September quarter. The ... (full story)