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Reserve Bank retains interest rate at historic low, flagging long and bumpy recovery – NEWS.com.au
Reserve Bank retains interest rate at historic low, flagging long and bumpy recovery
The Reserve Bank of Australia has retained the official interest rate at 0.1 per cent but has flagged the economic road to recovery out of the coronavirus pandemic will be long and bumpy. In its monthly monetary policy statement, the central bank said it would retain the current cash rate at the historically low level of 10 basis points while the health crisis continued to stifle the global macroeconomic environment.
RBA governor Philip Lowe said positive news of an incoming coronavirus vaccine…
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