RBA July policy decision

The highly anticipated July policy decisions by the RBA did not disappoint.  In this podcast Gareth Aird. Head of Australian Economics and Belinda Allen, Senior Economist discuss the two key decisions made by the RBA; sticking with the April 24 bond and tapering its bond purchase program as well as the modification of the forward guidance on the cash rate. The RBA remains dovish on the outlook for wages and inflation but despite this they have started the process of winding back some of the extraordinary monetary policy support given the expanding economy.

 

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