SYDNEY, March 15 (Reuters) - Australia's central bank is doing what it can to support the country's economic recovery from the coronavirus pandemic and will maintain policy settings until it meets its employment and inflation goals, Governor Philip Lowe said on Monday.
"The challenges facing us all are large," Lowe said in a speech in Melbourne. "At the Reserve Bank, we are seeking to support the economic recovery and a stronger labour market that is consistent with achieving the inflation target."
The Reserve Bank of Australia (RBA) this month left its cash rate at a record low 0.1% and re-committed to its three-year yield target.