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%.
- 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.