RBA Left Monetary Policy Unchanged. Second Wave in Outbreak Signals Huge Downside Risks

<p>As widely anticipated, RBA left the cash rate unchanged at 0.25%. It also maintained yield curve control, targeting 3-year government bond yield at 0.25%. While the members were more upbeat about the near-term recovery, they remained cautious about the longer-term outlook. The members cited the uncertainty in the coronavirus development as the key risk. The […]</p>
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