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. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision-May 5 2020
Number2020-13 Date 5 May 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. The global economy is experiencing a severe downturn as ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision
Date 7 April 2020 At its meeting today, the Board reaffirmed the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points, as well as the other elements of the package announced on 19 March 2020. The coronavirus remains first and foremost a very major ... Read more
Video Interview with Dr Fauci (Director of NIAID) on Covid-19
Please click on the link below to view this video of an interview with Dr Fauci, who has advised 6 US presidents on everything from Ebola to SARS, HIV, and now Covid-19. It helps to dispel some of the myths currently going around about this virus. Interview with Dr Fauci, Infectious Disease ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —19 March 2020
The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system. As the virus has spread, countries have restricted the movement of people across borders and have implemented social distancing measures, including ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —March 3rd 2020
Number 2020-06 Date 3 March 2020 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent. The Board took this decision to support the economy as it responds to the global coronavirus outbreak. The coronavirus has clouded the near-term outlook ... Read more
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision-4 February 2020
Number 2020-01 Date 4 February 2020 At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. The outlook for the global economy remains reasonable. There have been signs that the slowdown in global growth that started in 2018 is coming to an end. Global ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision— Dec 3, 2019
Number 2019-33 At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. The outlook for the global economy remains reasonable. While the risks are still tilted to the downside, some of these risks have lessened recently. The US–China trade and technology ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —5 November 2019
Number 2019-29 Date 5 November 2019 At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US–China trade and technology disputes continue to affect ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —Tuesday 3 September 2019
At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable, although the risks are tilted to the downside. The trade and technology disputes are affecting international trade flows and investment as ... Read more
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