RBA to Stay on Hold in May. Economic Forecasts to be Downgraded

<p>RBA is widely expected to leave the cash rate unchanged at 0.25% on the May 5 meeting. It will also keep other stimulus measures, including targeting 3-year bond yield, term funding facility operation and QE, announced in March the same. The members will, however, markedly revise lower economic projections. In March, RBA lowered the policy […]</p>
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