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...

Analysis: Worried About Upcoming RBA Repo Maturities? Don’t Be

By Sophia Rodrigues

Any worry of a tightening in funding conditions in Australia’s money market due to large repo maturities this month is misplaced because liquidity is expected to get a boost from government spending.

A...

Insight: RBA Open to Multiple Yield Targeting But Not at This Sta...

By Sophia Rodrigues

The Reserve Bank of Australia recognizes it might have to do multiple yield targeting with large-scale asset purchases at some stage but at this time it is focused on the effect of the strong monetary and fiscal easin...