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SYDNEY: Australia’s central bank is returning to the government bond market after a three-month hiatus as it aims to re-anchor yields on the three-year security that it targets through its purchasing programme.
This comes on virus shutting down Victor
AUSTRALIAN shares closed higher on Tuesday, marking their best session since June 16, after the country's central bank advocated for further fiscal stimulus, boosting demand for riskier assets.
SYDNEY (Reuters) - Australia will spend A$16.8 billion (9.31 billion pounds) to extend its wage subsidies for businesses hit by the coronavirus pandemic, as a surge in new infections in the country's southeast threatens to keep the economy in recession.
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.”
SYDNEY: Australia's central bank held its cash rate at an all-time low on Tuesday, in a widely expected decision, and said it will maintain its accommodative approach for "as long as it is required."
SYDNEY: Economists are divided on the outlook for Australia’s recovery: Many expect it to be U-shaped, while a growing number see a W shape.
Bank Negara’s Monetary Policy Committee (MPC) is scheduled to meet for a fourth time this year tomorrow to review the overnight policy rate (OPR).