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  • RBA MINUTES: THE BOARD REAFFIRMED THAT IT WOULD NOT INCREASE THE CASH RATE TARGET UNTIL PROGRESS IS MADE TOWARDS FULL EMPLOYMENT, INFLATION
  • RBA MINUTES: MEMBERS NOTED THAT THE DOWNTURN HAD NOT BEEN AS SEVERE AS EARLIER EXPECTED AND A RECOVERY WAS UNDER WAY IN MOST OF AUSTRALIA
  • RBA MINUTES: BOARD AGREED TO MAINTAIN HIGHLY ACCOMMODATIVE SETTINGS AS LONG AS REQUIRED
  •  RBA MINUTES: RECOVERY WAS LIKELY TO BE UNEVEN, WITH THE  COVID-19  OUTBREAK IN VICTORIA HAVING A MAJOR EFFECT ON THE ECONOMY
  • RBA MINUTES: WAGE AND PRICE PRESSURES REMAINED SUBDUED AND THIS WAS LIKELY TO CONTINUE FOR SOME TIME

More to come…