RBA Kept The Policy Rate Unchanged This Week

As expected, the Reserve Bank of Australia (RBA), at its October meeting, decided to maintain the cash rate target at 0.10% and the interest rate on Exchange Settlement balances of 0%; maintain the target of 0.10% for the April 2024 Australian Government bond; continue to purchase government securities at the rate of AUD4bn a week and to continue the purchases at this rate until at least mid-February 2022.