The RBA decides to keep interest rates unchanged at 0.1% and...

The RBA decides to keep interest rates unchanged at 0.1% and buys 4 billion Australian dollars of Treasury bonds every week

The Bank of Australia (RBA) announced on Tuesday that it will maintain the 0.1% cash interest rate unchanged and maintain the foreign exchange settlement balance interest rate at 0%.

The RBA also decided to maintain the target yield on Australian government bonds maturing in 2024 at 0.1%.

In addition, the Reserve Bank of Australia also announced that it will buy 4 billion Australian dollars of Treasury bonds every week for at least mid-February 2022.

Analysts pointed out that the Bank of Australia’s plan to purchase 4 billion Australian dollars a week will be extended to at least February next year, reflecting the uncertainty caused by the slow recovery of the Australian economy and the outbreak of the delta virus. $Australian Index(BK2902.US)$