RBA minutes – corporate inclusion in repo facility questioned by respected economist

19 May 2020

 

Summary: RBA May minutes line up with May SoMP; financial markets calmer; policy working as expected; crunch time for some corporate bonds may come during economy’s coming restructure. The Reserve Bank of Australia left the official cash rate target at 0.25% at its May meeting. Several days later, it released its May Statement on Monetary Policy (SoMP). The minutes of May’s meeting have now been released. As David Plank, ANZ’s...

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