The Bank of Australia decided to leave the official cash rate unchanged at a record low of 0.25%.
The RBA has already lowered it from 0.75% at two meetings in March, including one emergency meeting amid widespread social distance measures.
=======
Recent data from the labour market served as a good reason for yesterday's decision. After a devastating result in April, when nearly 600,000 people lost their jobs, the unemployment rate rose to 6.2%, which is far from the RBA target level.
=======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #Australia #RBA #rates
The RBA has already lowered it from 0.75% at two meetings in March, including one emergency meeting amid widespread social distance measures.
=======
Recent data from the labour market served as a good reason for yesterday's decision. After a devastating result in April, when nearly 600,000 people lost their jobs, the unemployment rate rose to 6.2%, which is far from the RBA target level.
=======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #Australia #RBA #rates
