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Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The outlook for the global economy has improved over recent months due to the ongoing rollout of vaccines. While the path ahead is likely to remain bumpy and uneven, there are better prospects for a sustained recovery than there were a few months ago. Global trade has picked up and commodity prices have increased over recent ... (full story)
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RBA: Wage and price pressures expected to remain subdued, does not expect conditions met to raise rates until 2024. Economy still has considerable spare capacity -BBG #RBA $AUDUSD
— DailyFX Team Live (@DailyFXTeam) March 2, 2021
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RBA: $AUD remains un upper end of range of recent years, economic recovery well underway and stronger than expected. Committed to maintain highly supportive monetary conditions -BBG #RBA
— DailyFX Team Live (@DailyFXTeam) March 2, 2021
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RBA: Board will not raise rates until CPI at target range, global bond yield swings have made other assets volatile. Prepared to make further adjustments to bond buys -BBG #RBA
— DailyFX Team Live (@DailyFXTeam) March 2, 2021
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RBA: Board Will Not Increase Cash Rate Until Actual Inflation Is Sustainably Within The 2-3% Target Range
— LiveSquawk (@LiveSquawk) March 2, 2021
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