RBA Interest Rate Announcement

The RBA today has decided leave rates unchanged. 

More positive surprises with regards to Australia’s economic conditions.

There are 5 points to the announcement today:

  1. The global economy has improved a little due to the development of vaccines.
  2. Australia’s economic recovery is stronger than expected.
  3. Unemployment has declined to 6.6% and expected to be 5.5% at the end of next year.
  4. CPI only increased 0.9% over the year and expect it to be under 1.5% for the next couple of years.
  5. RBA will maintain the highly supportive monetary policy under the above goals are reached.

More details a https://www.rba.gov.au/media-releases/2021/mr-21-01.html

For more, go back to the full interest rate announcement list here.