There's no change to the Official Cash Rate - with the Reserve Bank keeping it at a record low 0.25 per cent
There's no change to the Official Cash Rate - with the Reserve Bank keeping it at a record low 0.25 per cent
13 May 2020
But the Monetary Policy Committee has agreed to almost double its Large Scale Asset Purchase programme to 60 billion, up from the previous 33 billion dollar limit.
The programme includes Government bonds, Local Government Funding Agency bonds ... and now Government Inflation-Indexed bonds.
The expansion aims to continue to quickly and sharply reduce the cost of borrowing.
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