"Maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent, Maintain the target of 10 basis points for the April 2024 Australian Government bond, Continue to purchase government securities at the rate of $4 billion a week until at least mid February 2022." Statement on Monetary Policy
Statement by Philip Lowe, Governor: Monetary Policy Decision
On the announcement, the AUD/USD currency exchange rate dropped only 11 base points. On a larger scale, the announcement did not cause an increase of volatility. Initial Reaction Larger scale situation