RBA statement says restrictions on international travel may remain until end of 2021


The Reserve Bank of Australia has made a grim prediction about the future of international travel.

On March 25, Prime Minister Scott Morrison issued a ban on international departures in a bid to curb the spread of COVID-19.

On Friday, in a new statement on monetary policy, the RBA said restrictions on international departures and arrivals are expected to continue for at least another 12 months, under a ‘baseline scenario’.

“The baseline scenario assumes that no additional large outbreaks and accompanying strict containment measures occur within Australia and that restrictions continue to be gradually lifted nationally (or are only tightened modestly for a limited time),” it said.

File image of the international departures area at Tullamarine Airport.
File image of the international departures area at Tullamarine Airport. Credit: Daniel Pockett/Getty Images



Source link

×