RBA Monetary Policy Decision Review

• RBA says maintains 3yr yield target at 0.25%
• Board will not raise the cash rate target until the economy meets inflation and employment goals
• Will maintain efforts in keeping funding low and credit available
• Stronger recovery is possible if there is further substantial progress in containing coronavirus in the near-term
• Sees output falling 10% in H1 and by around 6% for the year before rebounding 6% next year in its baseline scenario.

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