The Central bank of Australia has maintained monetary policy and kept policy interest rates at 0.10 percent. This was demonstrated on Tuesday by the Reserve Bank of Australia’s latest interest rate decision.
The bank maintained its policy that interest rates can only rise if inflation continues to be between 2 and 3 percent. This figure is now 2.1 percent and reported is 3.0 percent.
The decision also implies that the bank will continue its bond buyout programme and withdraw $ 4 billion of bonds from the market every week until at least mid-February 2022.
At the next policy meeting in February 2022, the buyout programme will be reviewed, according to the policy organ.
The RBA does not expect the relatively new Omikron variant of the coronavirus to disrupt economic and social life, but considers it a source of concern.
The Australian dollar was 0.7067 US dollars on Tuesday.