RBA: Will keep size of bond purchase program under review

Following are the key headlines from the December RBA monetary policy statement, via Reuters, as presented by Governor Phillip Lowe.

Board prepared to do more if necessary

Board will keep size of bond purchase program under review

Globally, the news has been mixed recently

Addressing high unemployment is a national priority

Fiscal and monetary support will be required for some time

Has been positive news on the vaccine front, which should support the recovery of the global economy

Australia economic recovery is under way and recent data have generally been better than expected

Recovery is still expected to be uneven and drawn out and it remains dependent on significant policy support

A further rise in the unemployment rate is still expected

Employment growth was again strong in October

Board views addressing the high rate of unemployment as an important national priority