Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2020-08 Date 19 March 2020 The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system. As the virus has spread, countries have restri

Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2020-06 Date 3 March 2020 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent. The Board took this decision to support the economy as it responds to the gl

Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2020-01 Date 4 February 2020 At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. The outlook for the global economy remains reasonable. There have been signs that the s

Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2019-33 Date 3 December 2019 At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. The outlook for the global economy remains reasonable. While the risks ar

Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2019-29 Date 5 November 2019 At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. While the outlook for the global economy remains reasonable, the risks are tilted to th

Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2019-27 Date 1 October 2019 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent. While the outlook for the global economy remains reasonable,

Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2019-23 Date 3 September 2019 At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable, although the risks are tilted t

Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2019-20 Date 6 August 2019 At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. However, the increased uncertainty

Statement By Philip Lowe, Governor: Monetary Policy Decision Number 2019-18 Date 2 July 2019 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent. This follows a similar reduction at the Board’s June meeting. This easi

Statement by Philip Lowe, Governor:Monetary Policy Decision Number 2019-15 Date 4 June 2019 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent. The Board took this decision to support employment growth and provide greater