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04/21/2021 10:00 AM EDT
Welcome to Corridors. Over the next few issues, we’re sharing this space with contributors as obsessed as we are with policy and Canadian politics. Hon. Lisa Raitt is this week’s guest writer. She is a former Conservative Cabinet minister and served as the Member of Parliament for Milton, Ontario. Raitt is a global fellow at The Wilson Center’s Canada Institute. Over to you, Lisa. Sue Allan, editor of POLITICO Canada.
RBA insists on rate hold amid rumours it could be forced to reassess low rates
By Maja Garaca Djurdjevic
02 March 2021
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1 minute read
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The Reserve Bank of Australia has made its second call on the official cash rate for this year, following its decision to cut the rate to a record low in November.
In line with expectations, the RBA has held the cash rate at a record low of 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,” governor Philip Lowe confirmed.
Mike Blanchfield
German Chancellor Angela Merkel, President Donald Trump, and Canadian Prime Minister Justin Trudeau participate in a G7 summit working session, Friday, June 8, 2018, in Charlevoix, Canada. THE CANADIAN PRESS/AP-Evan Vucci January 18, 2021 - 1:00 AM
OTTAWA - During his only supper on Canadian soil, Donald Trump told Prime Minister Justin Trudeau and their fellow G7 leaders that their table was incomplete. Come 2020, the American president promised to fix that by inviting Russia s Vladimir Putin to his G7 dinner.
It was June 2018, four years since Russia had been expelled from what was then the G8 after the Kremlin s invasion and annexation of Ukraine s Crimean Peninsula in February 2014.