RBA April 2021

4 May

Cash rate remains at record-low of 0.10%

The Reserve Bank of Australia’s board (RBA) made its third call on the cash rate this year and, in line with expectations, kept it steady at 0.10%.

This is despite the faster than expected economic recovery and the surging property market.

RBA governor Phili Lowe has repeatedly maintained “the RBA does not, and should not, target housing prices” and rates will not be lifted until 2024 “at the earliest”.

RBA APRIL 2021 STATEMENT

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