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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of international developments with a cross-country review of economic activity and developments in labour markets during the pandemic. A recurring theme was that Australia had fared relatively well in terms of output levels and labour market outcomes. The December quarter 2020 national accounts showed that GDP in Australia had recovered to close to pre-pandemic levels, whereas GDP was still considerably below pre-pandemic levels in many other countries. The loss of output over 2020 as a whole had also been smaller in Australia than in many other countries. This reflected both the ... (full story)
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RBA MINUTES: MUCH SOONER THAN ANTICIPATED, JOBS HAD RECOVERED TO PRE-PANDEMIC PEAKS.
— Breaking Market News (@financialjuice) April 20, 2021
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RBA Minutes: Does Not Expect To Reach Targets For Unemployment, Inflation Until 2024 At The Earliest
— LiveSquawk (@LiveSquawk) April 20, 2021
- Board Would Maintain Cash Rate At 10 Bps For As Long As Necessary
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RBA MEETING MINUTES: A MOVEMENT TO NEGATIVE INTEREST RATES IS VERY UNLIKELY.
— Breaking Market News (@financialjuice) April 20, 2021
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RBA: RATES WILL REMAIN UNCHANGED UNTIL AT LEAST 2024.
— Breaking Market News (@financialjuice) April 20, 2021