The upcoming US presidential election is contributing to market volatility and raising fears of a disputed election result, which could lead to market instability. Attention shifted in September from monetary policy to fiscal policy as markets looked for signs that fiscal spending will continue to prop up economies around the world. The Australian federal budget…

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate, the yield on 3-year Australian Government bonds, and the parameters for the expanded Term Funding Facility. The global economy is gradually recovering after a severe contraction due to the pandemic. However, the recovery is uneven…