The RBA confirmed today that the official cash rate will remain on hold at a record 0.1%. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which the Board expects] will not be met before 2024". RBA Governor Philip Lowe stated that the impact extended COVID-19 lockdowns were having on …
Continue Reading about RBA keeps cash rate on hold at historic 0.1% →
