Statement on Monetary Policy May 2021

The Statement on Monetary Policy sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. A number of boxes on topics of special interest are also published. The Statement is issued four times a year.

• Download the complete Statement 4.1MB

• Overview
  Download 154KB
• The International Environment
  Download 820KB
• Box A: Emerging Market Vulnerabilities and Financial Conditions in Advanced Economies
  Download 228KB
• Box B: Supply Chains During the COVID-19 Pandemic
  Download 280KB
• Domestic Economic Conditions
  Download 500KB
• Box C: International Border Closures, Slower Population Growth and the Australian Economy
  Download 240KB
• Domestic Financial Conditions
  Download 832KB
• Inflation
  Download 430KB
• Economic Outlook
  Download 433KB
• Appendix: Forecasts
  Download 516KB

The material in this Statement on Monetary Policy was finalised on 6 May 2021.

Some graphs in this publication were generated using Mathematica.

ISSN 1448–5133 (Print)
ISSN 1448–5141 (Online)