Yesterday, in a speech, RBA assistant governor Michele Bullock warned that more businesses would go under resulting in a negative impact on bank balance sheets. She stated that the economic recovery from this recession would be “unpredictable and uneven”. She further stated, “There will be rising ... Read more
Archives for October 2020
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision
Number 2020-24 Date 6 October 2020 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. The global economy is ... Read more