
RBA holds interest rates at record low, but scales back stimulus | The Business
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The Reserve Bank governor has reiterated his view that he doesn't expect to raise official interest rates before 2024, but has left the door ajar.
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The RBA is scaling back stimulus because of the strength of the economic recovery and will continue to pump money into the economy until at least mid-November, albeit at a slower pace.
Some economists warn the move could trigger earlier rate rises, as Stephanie Chalmers reports.
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Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3qWCMNu
The RBA is scaling back stimulus because of the strength of the economic recovery and will continue to pump money into the economy until at least mid-November, albeit at a slower pace.
Some economists warn the move could trigger earlier rate rises, as Stephanie Chalmers reports.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia

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