rba monetary policy statement

Economic developments continue to be driven by the COVID-19 pandemic and the responses to it. From rba.gov.au. In doing so, the aussie pair cheer broad risk-on mood as well as the US dollar weakness. For bank trade ideas, check out eFX Plus At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent. Mon 31 Aug 2020 20:27:29 GMT. Comment Guidelines . The RBA expects total hours worked will decline over the next few months, partly because of the lockdown in Victoria. RBA Monetary Policy Statement Discussion. Statement by Philip Lowe, Governor: Monetary Policy Decision From rba.gov.au 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 3-year Australian Government bonds, as well as the parameters of the Term Funding … The initial outbreaks prompted significant restrictions on activity and resulted in very large contractions in output. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. RBA monetary policy announcement and statement from Governor Lowe - preview. From rba.gov.au. 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 statement will give details of the rate cut, QE and economic projections. RBA Statement on Monetary Policy. The MPC has direct access to experts when forming their views. Statement on Monetary Policy November 2020. Globally, the news has been mixed recently. AUD/USD recedes from the late-September top to 0.7263, down 0.22% on the day, during the early Friday’s trading. GDP is expected to contract 6% over the year 2020, and to rebound by … July 4, 2017 Share Print 0. How the Monetary Policy Statement is prepared: During the construction of the MPS, Reserve Bank staff present initial forecasts that the Monetary Policy Committee (MPC) subsequently discuss. At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Statement by Philip Lowe, Governor: Monetary Policy Decision From rba.gov.au At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. Monetary policy statement by Reserve Bank of Australia Governor, Glenn Stevens, following 2 April decision. Statement by Philip Lowe, Governor: Monetary Policy Decision And that's it for RBA meetings until February (the 2nd), there is no January RBA meeting. AUD/USD: Upside attempts remain capped below 0.7300 on RBA’s monetary policy statement NEWS | Nov 06, 00:46 GMT | By Dhwani Mehta AUD/USD shrugs-off RBA’s ‘done on rates for now’ statement. The RBA left monetary policy unchanged, which was in line with expectations. Economic growth forecasts have been rapidly revised down and a deep contraction is widely expected. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. RBA Monetary Policy Statement Discussion. The RBA will publish its Statement of Monetary Policy (SOMP), which will give us more details on their GDP growth, inflation and unemployment forecasts. Globally, monetary policy remains very accommodative and is supporting economic activity, although inflation remains below most central banks’ targets. The Statement. While infection rates have been on the rise in Europe and the U.S, positive vaccine news should support an economic recovery. AUD/USD keeps mild gains while taking rounds to 0.7360 after RBA monetary policy decision on early Tuesday. RBA Statement on Monetary Policy Scenario Planning The impact of COVID-19 on the global and domestic economy has presented a dramatic change to the outlook over the past few months. AUD/USD gyrated to the upside, but price action may remain volatile while traders digest the RBA's latest move. Comment Guidelines . Add a Comment. The final forecasts are amended by staff following MPC … Comment Guidelines . We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Reserve Bank (RBA) Governor … A less than gloomy view of the economic … Statement by Philip Lowe, Governor: Monetary Policy Decision From rba.gov.au 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. RBA: Monetary Policy Statement. 02 Dec 2020 - Fund Manager Chris Pedersen looks at the RBA Monetary Statement, Woolworths Group (ASX:WOW), Appen … Salient points from the RBA Rate Statement included: Global Outlook. The updated Statement on Monetary Policy may keep AUD/USD afloat as the RBA continues to rule out a negative interest rate policy (NIRP) for Australia. That is slightly better than the 8 per cent peak unemployment forecast in the RBA's quarterly Statement on Monetary Policy published in November and well below the 10 per cent tipped three months ago. The baseline growth scenario released alongside its policy decision on Tuesday showed a 10% decline in 20H1 GDP, with -6% growth assumed for 2020, while the … RBA Monetary Policy Statement. 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