phillip lowe

by Wendy Chamberlain on 03/11/2021

RBA keeps cash rate on hold at 0.1%

The RBA has again confirmed that the official cash rate will remain on hold at a record 0.1 per cent. The Australian economy is beginning to recover after the interruption of the Delta outbreak and as various restrictions are eased around the country, we will continue to bounce back quickly. The RBA Board advised that they anticipate a GDP growth of 3 per cent over 2021 and …

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by Wendy Chamberlain on 05/10/2021

RBA keeps cash rate on hold at historic 0.1%

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 …

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