The U.S. economy continued to grow moderately last year and the labor market strengthened further. RBA governor Philip Lowe said it would be some time before the bank would consider an interest rate rise. 6-feb-2020 18:30:01 – rba statement on monetary policy: board has been discussing case for further easing 06-feb-2020 18:30:01 – rba says need to balance benefits of easing with risks of very low rates 06-feb-2020 18:30:01 – rba: risks include fuelling more borrowing when home prices already in … Importance: Recent communication from the RBA … The North West Star's trusted source for property Credit: Louie Douvis If passed on in full by … GDP is expected to contract 6% over the year 2020, and to rebound by 6% over 2021. Statement on Monetary Policy – February and there was no further progress being made towards the inflation target, the balance of arguments Statement on Monetary Policy, February 2020. level of interest rates, a somewhat faster rate of income growth than in recent years and the recovery From rba.gov.au. Statement on Monetary Policy, February 2020 From rba.gov.au Monetary policy was eased in 2019 to support employment and income growth and to provide greater confidence that inflation will be consistent with the medium-term target. ... Feb 07, 07:18 GMT. The Reserve Bank of Australia (RBA) has decided to keep rates on hold at 0.75% at its February meeting on Tuesday. Economists think the Reserve Bank may have to start presenting its extraordinary monetary policy decisions in a new light. AUD/USD tags a fresh 2020 high (0.7241) following the Reserve Bank of Australia (RBA) meeting as the central bank sticks to the status quo, and current market conditions may keep the … On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 6, 2020) decided to: . Pinterest. As flagged by Governor Lowe, the RBA is expecting a 10% contraction in GDP from peak to trough, and the decline in the June quarter is expected to be the largest in the history of the quarterly national accounts. RBA will be upgrading its forecast for economic growth when it delivers its Statement on Monetary Policy (SoMP) on Friday. GDP is expected to contract 6% over the year 2020, and to rebound by 6% over 2021. keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 per cent. In its latest statement on monetary policy, the Reserve Bank of Australia has offered three scenarios for the economic outlook. This SoMP includes the full detail of its updated forecasts. "Interest rates have been lowered as far as it makes sense to do so in the current environment," the RBA said in its quarterly monetary policy statement released on Friday. It is considered as a clear guide to the future RBA interest rate policy. Twitter. The RBA expects growth to reach trend (2¾%) this year and pick up to 3.0% growth in 2021. By. Facebook. Investing.com - Global financial markets will focus on this week's Bank of England policy meeting, for further details on when the central bank plans to raise rates again. Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, August 2020 August 4, 2020 At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. Statement on Monetary Policy, May 2020 From rba.gov.au Combating the spread of COVID-19 has required severe restrictions on economic activity in many countries. After the RBA's last formal meeting until February next year, governor Philip Lowe said in a statement "the economic recovery is under way" and "recent data … RBA Monetary Policy Statement. 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