Mariano Kulish

The cash rate should be kept at 0.25% for a long time. The Bank has complemented the recent emergency cash rate reduction with a target for the 3-year Australian Government bond yield, conveying the expectation that the cash rate may remain at 0.25% for the next 3 years. This is a decisive response in the right direction. As the magnitude of the economic consequences from the COVID-19 crisis becomes clearer, it will be important to re assess the RBA’s forward guidance and increase the precision about the duration of the zero interest rate policy.

Outcome date: 
Monday 06 April 2020
Current rate: 
12 months: 
6 months: 

Updated:  22 October 2021/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin