The Reserve Bank board has held official interest rates steady at an equal record low of 0.1 per cent amid signs the economy is bouncing back strongly from the pandemic recession.
The lift in government debt interest rates was accompanied by an increase in the Australian dollar, which last week climbed above US80¢. The bank has been explicit in noting concerns about the impact of a strong dollar on the national economy.Ahead of the meeting, data from the Australian Bureau of Statistics suggested Wednesday’s national accounts would confirm the economy continuing to rebound from the recession.Net exports will detract 0.
swrighteconomy Another incompetent central banker who will never raise rates.....another Draghi.
swrighteconomy No ! they kept it unchanged so market won’t panic ! 😆
swrighteconomy Haven't got comments turned off on this one like the alleged rape post?