Information about the Reserve Bank's monetary policy framework and the effect of that policy on the Australian economy. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. In considering the policy decision, members noted that the coordinated monetary and fiscal response, together with complementary measures taken by ADIs and other businesses, would soften the expected economic contraction and help support the economy's recovery once the health crisis has passed and restrictions have been removed. The next Statement is due for release on 7 August 2020. The Reserve Bank Board is responsible for formulating monetary policy.
A number of boxes on topics of special interest are also published. Number 2018-07. Since March 2020, the Reserve Bank has also set a target for the yield on 3-year Australian Government bonds.
The global economy has strengthened over the past year. The Statement is issued four times a year.. Download the complete Statement 5MB Statement on Monetary Policy-May 2020. At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. The Chinese economy continues to grow solidly, with the authorities …
These statements assess current economic conditions and the prospects for inflation and output growth. The Statement on Monetary Policy sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. The material in this Statement on Monetary Policy was finalised on 7 May 2020. Statement on Monetary Policy | RBA The Reserve Bank issues a Statement on Monetary Policy four times a year. Includes: Statements on Monetary Policy, Testimonies before the House of Representatives Standing Committee on Economics; the agreement between the Governor of the Reserve Bank and the Government on Australia's monetary policy framework and the roles and … Date 3 April 2018. These various responses were providing …
Monetary Policy Decision. The Statement is published quarterly in February, May, August and November each year.