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In its last monetary policy decision of the year, the Reserve Bank of Australia has kept the cash rate at a record-low 0.10%.
The RBA expects the economy to expand by 3% this year, despite the lockdowns that occurred from June to October. Growth is then expected to accelerate to 5.5% in 2022.
Strong growth could lead to an increase in inflation and wages, which might eventually prompt the RBA to increase the cash rate.
Regards,
Declan Hanratty
0409 089 456
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3/178b Gooch Street
THORNBURY VIC 3071
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Australian Credit Licence No. 383120
383120
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ActivePipe Message ID: 857628
