Insight: RBA Policy Rate Now a Range Like the Fed

By Sophia Rodrigues

The Reserve Bank of Australia is expressing its cash rate target as 0.25% but it is now effectively a range of 0.10% to 0.25%, like the Federal Reserve’s policy target range.

This means the RBA is not...

Analysis: 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...

Analysis: 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...

Analysis: 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...

Analysis: 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...

Analysis: RBA Manages Curve Flattening; May Aim For More, 10-yr?

By Sophia Rodrigues

The Reserve Bank of Australia has managed to flatten the yield curve in the short to medium-end after two days of government bond-buying but the aim to achieve a further flattening might see them doing more purchases...