There were no surprises with the RBA keeping the cash rate at 0.25% and reaffirming its commitment to initiatives outlined on 19th March, per TD Securities. Key quotes “The RBA kept the cash rate on hold as expected at 0.25%, affirming its commitment to the 3yr 0.25% yield target and other measures announced on 19th Mar.” “The Bank shied away from providing guidance on growth, other than stating contractions will be large and unemployment will head higher.” “The Bank indicated market functioning has improved globally and this is evident in Australia as well. If this continues, the RBA expects the scale of its support to be smaller and less frequent.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Thailand: Inflation to remain negative – ANZ FX Street 2 years There were no surprises with the RBA keeping the cash rate at 0.25% and reaffirming its commitment to initiatives outlined on 19th March, per TD Securities. Key quotes “The RBA kept the cash rate on hold as expected at 0.25%, affirming its commitment to the 3yr 0.25% yield target and other measures announced on 19th Mar.” “The Bank shied away from providing guidance on growth, other than stating contractions will be large and unemployment will head higher.” “The Bank indicated market functioning has improved globally and this is evident in Australia as well. If this continues, the RBA expects the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
