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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; the parameters of the government bond purchase program; and the rate of zero per cent on Exchange Settlement balances. The global economy is continuing to recover from the pandemic and the outlook is for strong growth this year and next. The recovery remains uneven, though, and some countries are yet to contain the virus. Global trade in goods has picked up strongly and commodity prices are mostly higher than at the start ... (full story)
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BREAKING NEWS - #RBA:
— DailyFX Team Live (@DailyFXTeam) June 1, 2021
- Cash rate target unchanged at 0.10%, as expected
- 3yr yield target unchanged at 0.10%, as expected
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RBA SAYS BOARD WILL NOT INCREASE THE CASH RATE UNTIL ACTUAL INFLATION IS SUSTAINABLY WITHIN THE 2% TO 3% TARGET RANGE #News #Forex #RBA #INFLATION
— Capital Hungry (@Capital_Hungry) June 1, 2021
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#RBA:
— DailyFX Team Live (@DailyFXTeam) June 1, 2021
- Conditions for a rate rise unlikely to to happen until at least 2024, at the earliest
- High priority on a return to full employment#AUDUSD slightly lower
Full statement - https://t.co/VXAEvp3bcO
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RBA: At Its July Meeting, The Board Will Consider Whether To Retain The April 2024 Bond As The Target Bond For The 3-Year Yield Target Or To Shift To The Next Maturity
— LiveSquawk (@LiveSquawk) June 1, 2021
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