RBA Interest Rate Announcement 4th May 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate.

  • The global economy is continuing to recover from the pandemic and the outlook is for strong growth this year and next.
  • The economic recovery in Australia has been stronger than expected and is forecast to continue.
  • Housing markets have strengthened further, with prices rising in all major markets.

The Board is committed to maintaining highly supportive monetary conditions to support a return to full employment in Australia and inflation consistent with the target.

To view the full statement of Philip Lowe, Governor of the Reserve Bank, please click here.


Published : 04 May 2021