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RBA Holds Its Accommodative Stance In September Meeting

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On September meeting, the Reserve Bank of Australia (RBA) has continuing its accommodative settings as long as required and continue to consider how further monetary measures could support the recovery.

The bank asserted that the yield target for 3-year bonds would be maintained until progress is made towards the bank’s goals of full employment and the inflation target; and repeats the bank would not raise the cash rate target until progress is made towards full employment and it is confident that inflation will be sustainably within the 2–3% target.

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