Home » Australia: RBA central bank leaves rates unchanged at 0.10%. ‘Economy stronger than expected’, Australian dollar snaps higher

Australia: RBA central bank leaves rates unchanged at 0.10%. ‘Economy stronger than expected’, Australian dollar snaps higher

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The RBA – Reserve Bank of Australia, central bank of Australia – left the main reference rates unchanged at 0.10%, confirming the target for three-year government bond yields at 0.10%.

From the statement issued by the Australian central bank, it emerges that “the economic recovery is more solid than previously expected” and that “the outlook for households and investments is generally positive”.

Again, “the labor market continues to recover at a faster rate than estimated”, even though “inflation and wages remain under control”.

The RBA announced that it “will respond to the improvement in the outlook by adjusting the amount of government bonds it buys on a weekly basis”, announcing that “it will launch a further review (of its monetary policy) in November; Finally, he stressed, the optimal conditions of the economy, according to the baseline scenario, are unlikely to be achieved by 2024.

However, the Aussie dollar jumped 0.48% against the US dollar, with the AUD / USD at $ 0.7566.

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