RBA keeps rates on hold at 0.10% in June, AUD/USD eases
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Summary:
The Reserve Bank of Australia (RBA) board members decided to maintain the official cash rate (OCR) at a record low of 0.10% at their June monetary policy meeting,
The RBA kept its target of 10 basis points for yield on a 3-year Australian government bond unchanged.
The central bank also maintained the parameters for the government bond purchase programme, adding that they will not increase the cash rate until actual inflation is sustainably within the 2% to 3% target range.
The AUD/USD pair eased slightly on the expected RBA decision.
The spot was last seen trading at 0.7752, still up 0.20% on the day.
RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positi ...
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