Keep rates steady despite economic improvement
Posted April 6th, 2021 for ANU 6 April 2021 There is "virtually no doubt" interest rates should remain at the historically low rate of 0.1 per cent, according to the Shadow RBA at The Australian National University (ANU). The call comes despite the economy improving and Australia's management of the COVID-19 pandemic. The RBA Shadow Board says Australia's improved economic indicators include a drop in official unemployment from 6.4 per cent to 58 per cent between January and February. The Shadow Board attaches a 99 per cent probability that rat...