Statement on Monetary Policy August 2020

The Statement on Monetary Policy sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. A number of boxes on topics of special interest are also published. The Statement is issued four times a year.

• Download the complete Statement 4.3MB

• Overview
  Download 159KB
• International Economic Conditions
  Download 655KB
• Box A: Using Wage Subsidies to Support Labour Markets Through the COVID-19 Shock
  Download 201KB
• Box B: Fiscal Policy Support for the Recovery Phase in Advanced Economies
  Download 261KB
• International Financial Conditions
  Download 892KB
• Box C: Central Bank Policy Responses to COVID-19
  Download 300KB
• Domestic Economic Conditions
  Download 529KB
• Domestic Financial Conditions
  Download 911KB
• Box D: Recent Growth in the Money Supply and Deposits
  Download 241KB
• Box E: The Reserve Bank's Term Funding Facility (TFF)
  Download 224KB
• Inflation
  Download 449KB
• Economic Outlook
  Download 369KB
• Copyright & Disclaimer
  Download 114KB
• Appendix: Forecasts
  Download 169KB

The material in this Statement on Monetary Policy was finalised on 6 August 2020.

Some graphs in this publication were generated using Mathematica.

ISSN 1448–5133 (Print)
ISSN 1448–5141 (Online)