Minutes of the Monetary Policy Meeting of the Reserve Bank Board

Members commenced their discussion of international economic developments by noting that the outlook for the global economy had improved following the successful development and early stage rollout of COVID-19 vaccines. Fiscal and monetary policy settings remained highly expansionary and in some economies additional fiscal stimulus was in prospect. Growth forecasts for the global economy and Australia’s major trading partners had been revised a little higher as a result. However, the brighter outlook did not change members’ assessment that the global recovery was still likely to be bumpy and uneven, with most … (full story)

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