After the interest rate meeting in March, the Bank of Australia announced that it would maintain interest rates at 0.1% and the target of the three-year Treasury bond yield rate unchanged, in line with market expectations. The central bank stated that the current economic recovery situation is good and stronger than previously expected. However, there is still a large amount of idle production capacity. It is estimated that a tightening of the job market and a significant increase in wages will not occur until 2024. It also reiterated that unless inflation continues to remain within the 2% to 3% target, the central bank will not raise interest rates earlier than 2024. The current monetary policy keeps financing costs at an ultra-low level, thereby pushing down the exchange rate and continuing to assist economic recovery.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.