RBA Affirmed No Rate Hike Until 2024, Widening Policy Divergence with Counterparts

<p>The RBA left the cash rate unchanged at 0.1%, and asset purchases at AUD 4B/month, in October. Despite sharp rise in housing prices, policymakers chose to stick with ultra-easy monetary policy in order to achieve the inflation target and full employment. The central bank remained cautiously optimistic about the economic outlook. Policymakers acknowledged that “the […]</p>
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