At the first meeting of the year, Australia's central bank raised the size of its asset purchase programme and signaled that it will not hike interest rates until 2024.
The policy board of the Reserve Bank of Australia headed by Governor Philip Lowe decided on Tuesday to leave its cash rate unchanged at a record low of 0.10 percent.
The central bank retained the target yield on the 3-year Australian government bond at around 0.1 percent and also maintained the parameters of the Term Funding Facility.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.