RBA "Reaffirms" Cash Rate, Bond Yield Targets
The Reserve Bank of Australia published its monthly monetary policy decision today. Below are the highlights:
1. An interesting change in language. Instead of stating it is leaving the cash rate and the 3-year government bond yield targe...
07 Apr 2020, 03:03 PMAnalysis: RBA May Adjust MonPol Corridor Further to Meet Cash Rat...
By Sophia Rodrigues
The Reserve Bank of Australia is widely expected to leave the cash rate and the three-year government bond targets unchanged when it meets later today for its monthly board meeting that is likely to be full of interes...
07 Apr 2020, 10:48 AMAnalysis: Ten Days of RBA Bond-Buying And Market’s Already Hooked
By Sophia Rodrigues
The Reserve Bank of Australia has bought bonds every single day since it began its purchases, inadvertently creating an expectation that it will always be present in the secondary market.
There is also a lac...
03 Apr 2020, 10:38 AMAnalysis: Back to Pre-1980s; Landmark RBA MonPol Moment We Missed
By Sophia Rodrigues
A landmark moment in the Reserve Bank of Australia’s monetary policy went largely unnoticed last month – the use of two instruments to pursue monetary policy objective after using one for at least three de...
01 Apr 2020, 01:43 PMAnalysis: RBA Buys Short-End Bonds Again But 3-Yr Remains “Tight...
By Sophia Rodrigues
The Reserve Bank of Australia bought a huge A$1.8 billion of three-year government bonds at the auction Friday but the cut-off yield was still higher than the 0.25% target, indicating there continues to be dislocation...
27 Mar 2020, 04:34 PMRBA Cancels Media Lockups, No Early Access Too
By Sophia Rodrigues
The Reserve Bank of Australia has cancelled all media lockups until further notice, and will also not be providing those documents under embargo.
The RBA provides documents to select media under embargo...
26 Mar 2020, 09:12 PM