Business Scoop » Monetary Stimulus Further Reduced – Official Cash Rate Raised To 0.50 Percent
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Business Scoop provides news and views on Business and Markets from New Zealand
Business Scoop provides news and views on Business and Markets from New Zealand
The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the
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MacroBusiness Access Subscriber Only Content By Gareth Aird, head of Australian economics at CBA Key Points: The July Board Minutes note that the decision to taper bond purchases from mid‑September was underpinned by the assessment that, “economic outcomes had been materially better than earlier expected and the outlook had improved.” The near term economic outlook has since deteriorated due to extended lockdowns in large parts of the country. We now expect the RBA Board to reverse the decision to taper the bond buying program from mid‑September if Greater Sydney and/or Victoria are s...