Analysis: Cash Rate Returning to Normal Attributes, Thanks to RBA

By Sophia Rodrigues

For seven days in a row, Australia’s interbank overnight cash rate was the same as the highest and lowest rate of the day, marking a return of the long regime where the Reserve Bank ensured the cash rate display...

RBA Lowe Upgrades Key Labor Forecast, Says Downturn Not as Severe...

By Sophia Rodrigues

The Reserve Bank of Australia has upgraded its forecast for hours worked, now expecting total hours worked to fall around 10% in the first half of the year compared with its official forecast for a 20% fall.   22 Jun 2020, 02:04 PM

Analysis: Australia’s May Labor Data Better Than Expected For RBA

By Sophia Rodrigues

Australia’s labor force data for May was gloomy overall but there were some bright spots within that, especially from the Reserve Bank’s viewpoint.

Earlier Thursday, the Australian Bureau of Stat...

Insight: RBA Determines Cash Rate is 0.13%

By Sophia Rodrigues

Less than three months after cutting the cash rate to a record low, the Reserve Bank of Australia has made its own 0.25% target redundant by setting the rate 12bps lower at 0.13%.

While the 0.13% record...

Insight: RBA Committed to Keep Money Market Rates at Low Levels

By Sophia Rodrigues

The Reserve Bank of Australia is committed to ensuring money market rates remain at the recent low levels and is prepared to provide funding through repos to meet that goal.

So, any spike in interest rates o...

Insight: RBA Unfazed by AUD Rise As It Aligns with Fundamentals

By Sophia Rodrigues

The Reserve Bank of Australia doesn’t appear to be fazed by the recent strength in the Australian dollar because it is judging it against fundamentals and in the context of big declines in March.

This...