At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility.
The Board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range.
To view the full statement of Philip Lowe, Governor of the Reserve Bank, please click here.
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