As flagged by Governor Lowe, the RBA is expecting a 10% contraction in GDP from peak to trough, and the decline in the June quarter is expected to be the largest in the history of the quarterly national accounts. Statement on Monetary Policy November 2020. 02 Dec 2020 - Fund Manager Chris Pedersen looks at the RBA Monetary Statement, Woolworths Group (ASX:WOW), Appen … Mon 31 Aug 2020 20:27:29 GMT. Comment Guidelines . RBA Monetary Policy Statement Discussion. The economic recovery slowed as a result of the rise in new … RBA: Monetary Policy Statement. The Statement. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. How the Monetary Policy Statement is prepared: During the construction of the MPS, Reserve Bank staff present initial forecasts that the Monetary Policy Committee (MPC) subsequently discuss. Statement by Philip Lowe, Governor: Monetary Policy Decision From rba.gov.au At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate, the yield on 3-year Australian Government bonds, and the parameters for the expanded Term Funding Facility. AUD/USD gyrated to the upside, but price action may remain volatile while traders digest the RBA's latest move. The RBA will publish its Statement of Monetary Policy (SOMP), which will give us more details on their GDP growth, inflation and unemployment forecasts. Economic growth forecasts have been rapidly revised down and a deep contraction is widely expected. AUD/USD recedes from the late-September top to 0.7263, down 0.22% on the day, during the early Friday’s trading. Monetary policy statement by Reserve Bank of Australia Governor, Glenn Stevens, following 2 April decision. For bank trade ideas, check out eFX Plus Salient points from the RBA Rate Statement included: Global Outlook. RBA Statement on Monetary Policy Scenario Planning The impact of COVID-19 on the global and domestic economy has presented a dramatic change to the outlook over the past few months. The MPC has direct access to experts when forming their views. The baseline growth scenario released alongside its policy decision on Tuesday showed a 10% decline in 20H1 GDP, with -6% growth assumed for 2020, while the … While infection rates have been on the rise in Europe and the U.S, positive vaccine news should support an economic recovery. At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Statement by Philip Lowe, Governor: Monetary Policy Decision From rba.gov.au At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. Statement by Philip Lowe, Governor: Monetary Policy Decision From rba.gov.au At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on 3-year Australian Government bonds, as well as the parameters of the Term Funding … The updated Statement on Monetary Policy may keep AUD/USD afloat as the RBA continues to rule out a negative interest rate policy (NIRP) for Australia. In doing so, the aussie pair cheer broad risk-on mood as well as the US dollar weakness. The RBA left monetary policy unchanged, which was in line with expectations. From rba.gov.au. The RBA expects total hours worked will decline over the next few months, partly because of the lockdown in Victoria. That is slightly better than the 8 per cent peak unemployment forecast in the RBA's quarterly Statement on Monetary Policy published in November and well below the 10 per cent tipped three months ago. Statement by Philip Lowe, Governor: Monetary Policy Decision And that's it for RBA meetings until February (the 2nd), there is no January RBA meeting. From rba.gov.au. The Reserve Bank of Australia has retained the official interest rate at 0.1 per cent but has flagged the economic road to recovery out of the coronavirus pandemic will be long and bumpy. RBA Monetary Policy Statement Discussion. The initial outbreaks prompted significant restrictions on activity and resulted in very large contractions in output. AUD/USD keeps mild gains while taking rounds to 0.7360 after RBA monetary policy decision on early Tuesday. AUD/USD: Upside attempts remain capped below 0.7300 on RBA’s monetary policy statement NEWS | Nov 06, 00:46 GMT | By Dhwani Mehta AUD/USD shrugs-off RBA’s ‘done on rates for now’ statement. Economic developments continue to be driven by the COVID-19 pandemic and the responses to it. The final forecasts are amended by staff following MPC … A less than gloomy view of the economic … Add a Comment. RBA Monetary Policy Statement. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. RA’s quarterly Statement on Monetary Policy. Globally, monetary policy remains very accommodative and is supporting economic activity, although inflation remains below most central banks’ targets. RBA statement will give details of the rate cut, QE and economic projections. Comment Guidelines . RBA Statement on Monetary Policy. RBA monetary policy announcement and statement from Governor Lowe - preview. July 4, 2017 Share Print 0. 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