RBA makes May cash rate announcement
By Maja Garaca Djurdjevic
04 May 2021
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1 minute read
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The Reserve Bank of Australia has made its May call on the official cash rate, with the economy said to be a long way from the conditions needed to precede a rate rise despite concerns about rising house prices.
In line with expectations, the RBA has held the cash rate at a record-low 0.1 of a percentage point.
“At its meeting today, the board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the three-year Australian government bond, as well as the parameters of the term funding facility and the government bond purchase program,” the RBA said.