Key headlines from RBA statement Tuesday
By Sophia RodriguesPublished On 02 Feb 2021 , 02:35 PM
From the RBA's February Monetary Policy Decision statement:
--QE extension of A$100 billion after current program ends in mid-April; A$5 billion at week
--Not expecting conditions requiring rate rise to be met until 2024 at the earliest.
--Inflation, wage growth to pick up only slowly, remain below 2% next couple of years
--Exchange rate up, at upper end of range of recent years
--Central scenario is for jobless rate of 6% end of 2021
--Remains committed to maintaining highly supportive monetary conditions until its goals are achieved.
Challenges of communication!
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