Investor Presentaiton

SIGNIFICANT POLICY SUPPORT DURING THE PANDEMIC LARGE BUDGET DEFICITS EXPECTED IN THE NEAR TERM¹ (%) ($B) 0 0 Forward Estimates GOVERNMENT DEBT AT A LOW STARTING POINT2 Japan Italy United States -3 -6 France Canada -50 United Kingdom India -100 $ Levels (RHS) % GDP (LHS) -150 Germany Malaysia China Australia South Korea -12 -200 Sweden New Zealand Indonesia -15 -250 2003-04 2006-07 2009-10 2012-13 2015-16 2018-19 2021-22 0 THE CASH RATE REMAINS LOW³ (%) 2.0 Cash Rate Target -3-year AGS 10-year AGS 1.5 1.0 0.5 50 50 100 150 200 (%) RBA HAS CONTINUED UNCONVENTIONAL POLICY4 -Overnight Cash Rate -5-year AGS ($bn) 400 равить 300 200 100 when 0.0 0 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 2007 2009 2011 2013 2015 2017 2019 2021 Source: Commonwealth Treasury. MYEFO Estimates (2) 234 Source: IMF. Data are for 2019 shown as a share of each country's GDP (3) Source: Macrobond. Data to 28 April 2021 (4) Source: RBA, NAB. Data to 26 April 2021. Total Assets on the RBA's Balance Sheet 108 National Australia Bank

View entire presentation