The Reserve Bank of Australia (RBA) left rates at 0.25% at its monthly policy meeting, and sounded cautiously optimistic about the earlier-than-expected re-opening of the country’s economy, after authorities had managed to largely curb the spread of the coronavirus.
SYDNEY: Australia’s central bank holds its cash rate at an all-time low, in a widely expected decision, and says it will help buttress the economic recovery by maintaining its accommodative approach for “as long as it is required.”
The Reserve Bank of Australia (RBA) left rates at 0.25% at its monthly policy meeting, and sounded cautiously optimistic about the earlier-than-expected re-opening of the country’s economy, after authorities had managed to largely curb the spread of the coronavirus.
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