12/7/2021, 4:30 AM (Source: TeleTrader)
more TeleTrader news

RBA holds key interest rates

Reserve Bank of Australia (RBA) revealed on Wednesday it decided against adjusting its monetary policy setting in December.

The targets for the cash rate, as well as the three-year Australian Government Securities (AGS) bonds, will remain at 10 basis points, not changing when compared to last month's data.

"The Board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range. This will require the labour market to be tight enough to generate wages growth that is materially higher than it is currently," said RBA Governor Philip Lowe.

Baha Breaking the News (BBN) / NL