At the Reserve Bank of Australia meeting this morning, Tuesday, April 6, the bank’s board of directors decided to keep the bank’s monetary policy unchanged and to maintain interest rates at current levels of 0.10%. The statement issued by the meeting showed that the bank’s basic scenario is that GDP recovers by 3.5 percent during the current year and next year, while inflation is expected to remain below 2 percent over the next few years. The bank does not see any possibility of raising interest rates until the inflation rate becomes within the target range of 2-3 percent in a sustainable manner, which requires a stronger growth in wage rates, and the committee does not see that it will be achieved before 2024. The Australian dollar has been declining since the beginning of the session and is trading at 0.7628 levels against the US dollar, coinciding with the US dollar’s gains at the start of the European session.