The RBA, which has slashed its official cash rate by a cumulative 65 basis points to an all-time low of 0.1% since the pandemic began, is expected to leave interest rates just above zero through at least 2022.
SYDNEY: Australia’s economy, which entered 2021 in better shape than most of its peers, will gain further momentum from the successful domestic suppression of the coronavirus pandemic and supportive policies, according to a Reuters poll of economists.
Coronavirus-led lockdowns that began in March last year tipped the economy into its first recession since the early 1990s, breaking one of the world’s longest growth streaks.
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