Which key events have been driving markets? Watch this video with Senior Economist Bob Cunneen to find out.
Market Update – May 2021
By upwealth
In
Economic Update
Highlights: Investors extended expectations of accommodative monetary and fiscal policies following signs of a slowdown in the US recovery. US President Biden is believed to be setting a new vaccination goal to have the first dose delivered to 70% of adults by July 4. Europe has enjoyed better than expected economic data and a decline…
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, May 2021
By upwealth
In
Economic Update
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 global economy is continuing to recover…