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The Reserve Bank of Australia kept its cash rate at 0.10% and maintained its yield target. It will continue bond purchases at A$4 billion a week until at least mid-November after the current program ends in early September.
The bank says the recovery is stronger than expected, supported by high commodity export prices.
Easy monetary policy supports the Australian economy and currency, which can influence Australian export competitiveness. The commodity-price reference suggests firm export values, though the direct feed-market impact is limited.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaJul 6, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
