06 Apr RBA on hold and likely to remain easy for a long while yet
Key Points:
- The RBA left the cash rate at 0.1% at its April meeting.
- While the economy is recovering faster than expected the conditions for a rate hike – actual inflation sustainably in the 2-3% target zone and wages growth well above 3% – are unlikely to be met for several years.
- The RBA will likely start to slow its quantitative easing measures through this year though.
