World news – The Reserve Bank leaves interest rates unchanged

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The Reserve Bank left interest rates unchanged at a record low in its first board meeting of 2021.

« The economic recovery is in full swing and stronger than expected, » Reserve Bank Governor Philip Lowe said in his statement after the meeting on Tuesday.

However, he reiterated that the board would not increase the cash rate until actual inflation was sustained in the target range of 2-3 percent.

The three-yield bond target rate the reserve bank, which is designed to keep short-term market interest rates low, and the term finance facility for banks were also held at 0.1 percent.

Ref: https://thenewdaily.com.au