Highlights: Markets extended gains for the month as accommodative monetary and fiscal policies continued to support markets. US employment disappointed as non-farm payrolls came in below expectations despite a fall in the unemployment rate. Economic data continues to surprise to the upside in Europe as progress is made on the Covid-19 vaccine rollout across the…
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, June 2021
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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; the parameters of the government bond purchase program; and the rate of zero per cent on Exchange Settlement balances. The global economy is continuing…