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  • Statement by Philip Lowe, Governor: Monetary Policy Decision

    From rba.gov.au

    At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy has experienced a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there has been a sharp rise in unemployment. Leading indicators have generally picked up recently, suggesting the worst of the global economic contraction has now passed. Despite this, the outlook remains uncertain and the recovery is expected to be bumpy and will depend upon containment of the ... (full story)

Added at 12:33am

Added at 12:34am

Added at 12:34am

I guess this is kind of good news, but I dont like the tripple top on AUD/JPY so guess I'll leave that alone lol
Not that dovish i assumed
  •  Guest
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they have no idea what to say. that's all! they dont want to spook the citizens. but they will feel it later when there is no one trading with them...at that point it will be already too late.
Quoting Guest
they have no idea what to say. that's all! they dont want to spook the citizens. but they will feel it later when there is no one trading with them...at that point it will be already too late.
Nonsense.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
how do you feel about Victoria and Melbourne under lock down. would this make the AUD fly more?
Whole day gone down for nothing ....
Quoting Actionman
Whole day gone down for nothing ....

Never bet against intervention. They'll try to prop it up as much as they can my friend.
The markets are like water it ebbs and flows.
Quoting kingleeny
how do you feel about Victoria and Melbourne under lock down. would this make the AUD fly more?
Imagine if a quarter of the USA economy went into total lockdown for six weeks. Say, California might be a good start (that's less than 20%)?

Can't see why it might materially affect the Aussie short term, but I may be wrong.
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