Below are the Key comments from the RBA’s monetary policy statement December, according to Reuters reports, presented by Governor Phillip Lowe:
Board do not expect to increase the cash rate for at least 3 years.
Board is ready to do more if required.
Board keep the size of the bond purchase program under review.
Worldwide, the news has been mixed Recently.
Take the high unemployment is a priority national.
Will be required fiscal and monetary support for some time.
There has been positive news on the front of the vaccinations, which should support the recovery of the world economy.
The Australia’s economic recovery is underway and recent data has generally been better than expected.
It is still expected that the recovery is uneven and prolonged, and continue to depend on significant political support.
A new increase in unemployment rate.
Job growth was strong again in October.
The Board considers that addressing the high unemployment rate is an important national priority.