• About
  • Advertise
  • Privacy & Policy
  • Contact
ALDS Tech News
  • Contact Us
  • Home
  • Business
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Reviews
  • Sports
No Result
View All Result
  • Contact Us
  • Home
  • Business
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Reviews
  • Sports
No Result
View All Result
ALDS Tech News
No Result
View All Result
Home Business

Reserve Bank of Australia retains interest rate at 0.1pc and reveals economic outlook for 2021 | Alds

alds by alds
February 2, 2021
in Business, Fashion, Home Improvement, Reviews, Sports
0
Reserve Bank of Australia retains interest rate at 0.1pc and reveals economic outlook for 2021
306
SHARES
2.4k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

The Reserve Bank of Australia has retained the official interest rate at current levels, flagging further assistance will be needed for the country’s economic recovery out of the coronavirus pandemic.

In its monthly monetary policy statement released on the first Tuesday of every month, the RBA said it would keep the cash rate at 0.1 per cent while global economic output is hindered by COVID-19.

It has also decided to purchase an additional $100bn worth of government bonds as the additional monetary support is set to expire in April.

“The outlook for the global economy has improved over recent months due to the development of vaccines,” RBA Governor Philip Lowe said.

“While the path ahead is likely to remain bumpy and uneven, there are better prospects for a sustained recovery than there were a few months ago.”

“That recovery, however, remains dependent on the health situation and on significant fiscal and monetary support. Inflation remains low and below central bank targets.”

The update is the first outlook statement by the central bank for 2021, with economists predicting current stimulus measures would remain at current settings.

More to come…

[ad_2]

Source link

Previous Post

Google’s threat to leave proves laws are needed, inquiry hears | Alds

Next Post

Israel Folau NRL return, Dragons make huge move, Cameron McInnes insult, NRL news, homophobic comments | Alds

Next Post
Israel Folau NRL return, Dragons make huge move, Cameron McInnes insult, NRL news, homophobic comments

Israel Folau NRL return, Dragons make huge move, Cameron McInnes insult, NRL news, homophobic comments | Alds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Contact Us
  • Home
  • Business
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Reviews
  • Sports

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.