The RBA Holds Monetary Policy Unchanged, Delivering Aussie Dollar Support

by Warrior2

The RBA left monetary policy unchanged, which was in line with expectations. A less than the gloomy view of the economic recovery supported the Aussie Dollar.

In line with market expectations, the RBA left its cash target rate unchanged at 0.10%, following last month’s cut from 0.25%.

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  • Left the target rate for the yield on 3-year Australian Government Bonds at 0.10%.
  • The Board also left the interest rate on new drawings under the Term Funding Facility at 0.1%.
  • Retained the zero interest rate on Exchange Settlement balances.
  • Left the government bond purchasing program unchanged.

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