Search: GDP
RBA Glossary definition for GDP
GDP – Gross Domestic Product. A key measure of the value of economic production in the economy. GDP is determined in one of three ways: the value of goods and services produced less the cost of production; the sum of incomes generated by production; the sum of final expenditure on goods and services produced plus exports minus imports. An average of the three approaches may be calculated and is also referred to as GDP.
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Statement by Philip Lowe, Governor: Monetary Policy Decision
3 May 2022
Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points.
https://www.rba.gov.au/media-releases/2022/mr-22-12.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
4 May 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding
https://www.rba.gov.au/media-releases/2021/mr-21-06.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
1 Dec 2020
Media Releases
In the RBA's central scenario, it will not be until the end of 2021 that the level of GDP reaches the level attained at the end of 2019. ... In the central scenario, GDP is expected to grow by around 5 per cent next year and 4 per cent over 2022.
https://www.rba.gov.au/media-releases/2020/mr-20-32.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
2 Mar 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding
https://www.rba.gov.au/media-releases/2021/mr-21-03.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
5 Oct 2021
Media Releases
The Delta outbreak has interrupted the recovery of the Australian economy and GDP is expected to have declined materially in the September quarter.
https://www.rba.gov.au/media-releases/2021/mr-21-22.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
3 Nov 2020
Media Releases
In Australia, the economic recovery is under way and positive GDP growth is now expected in the September quarter, despite the restrictions in Victoria. ... In the central scenario, GDP growth is expected to be around 6 per cent over the year to June
https://www.rba.gov.au/media-releases/2020/mr-20-28.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
3 Mar 2020
Media Releases
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent.
https://www.rba.gov.au/media-releases/2020/mr-20-06.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
1 Jun 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including: the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond; the parameters of the government bond purchase
https://www.rba.gov.au/media-releases/2021/mr-21-09.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
6 Apr 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding
https://www.rba.gov.au/media-releases/2021/mr-21-04.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
2 Apr 2019
Media Releases
Announcement that the Board decided to leave the cash rate unchanged at 1.50 per cent.
https://www.rba.gov.au/media-releases/2019/mr-19-07.html