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February RBA update: 1494 2AY and Stephen Capello

Hume Bank
04/02/2021

At its first meeting of the year, the RBA kept the official cash rate on hold at 0.10%. Our CEO, Stephen Capello, spoke with Kylie and Kev about the decision.

The trio discussed the effect of the recent border closures, the current outlook for the global economy and some positive news for the Australian economy.

“Listeners should take confidence that our economy is recovering. It’s got a very strong core. Our response to the crisis is disruptive no doubt, but it’s a positive response compared to other economies. Listeners should take note that rates should remain low for some time which is an encouraging sign for spending ability and investment ability," he said.

Listen to the full interview, with a bit of fun around The Hume Bank City2City RunWalk thrown in as well.

Click play below to listen in for more.