# Australia's cbank tapers QE but affirms low rates outlook

> The RBA held its cash rate at a record low of 0.1% and reiterated that rates would stay unchanged until 2024. Small adjustments to its quantitative easing program made markets read the decision as hawkish, and the Australian dollar jumped nearly 1% to 0.7599. Markets priced some risk of a rate hike by late 2022.

- Date: 2021-07-06 · published 2021-07-06T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/46324-australia-s-cbank-tapers-qe-but-affirms-low-rates-outlook
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hawkish tilt strengthened the Aussie, which can make Australian dollar-priced exports costlier on world markets, though the effect on feed commodity prices is marginal.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/australias-cbank-holds-rate-near-zero-economy-bolts-ahead-2021-06-01/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.