RBA Monetary Policy Statement

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On April 6, the policy of the Reserve Bank of Australia remained unchanged.

"At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program."

In addition, the central bank stated that it is ready to increase its government bond purchase program, if it would be necessary. From the statement: "the Bank is prepared to undertake further bond purchases if doing so would assist with progress towards the goals of full employment and inflation."

Statement by Philip Lowe, Governor: Monetary Policy Decision

Due to there not being any surprises, the Australian Dollar remained stable in the immediate aftermath of the policy statement.

Initial reaction on the market:

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