RBA: Could relax monpol tightness if future data in line with or...

RBA Minutes: Appropriate to relax monpol tightness if future data in line with or weaker than expected

--Modest downside risk to RBA’s Q4 inflation forecast from rent, new dwelling costs
--Wages growth slowing occurred faste...

RBA Hauser: To Factor New Tariffs Developments in Policy Judgeme...

--Our Inflation Could Move in Either Direction from Global Tariffs Impact
--Implication for Australia inflation, hence monetary policy could be positive or negative
--Important we don’t prejudge implications of tariffs for poli...

RBA Bullock: Nov Fcasts Consistent With Inflation Return to Targ...

--Staff forecasts conditioned on cash rate remaining at current level over near term
--Assumption consistent with inflation returning sustainably to target within Board’s timeframe
--But cash rate path not Board’s forecas...

RBA Minutes: Potential scenarios but none point to cut even in ea...

--Monpol judged to be restrictive but degree uncertain
--Material decline in inflation could warrant rate cut but need more than one good CPI
--Monpol might need to be adjusted if stance not as restrictive as had been judged
-...

RBA Kent: Worth Reviewing Approach to Forward Guidance, Reaction...

--Worth reviewing RBA’s forward guidance approach, including clarifying reaction function
--Difficult for 6 part-time board members to provide guidance like other 3 full-time
--No evidence overall monpol is more potent overall...

RBA and Chatham House Rule

By Sophia Rodrigues

(Sydney, November 15, 2024) – At a recent Parliamentary testimony, the Reserve Bank of Australia was probed further on the banks it had reprimanded for “leaking to outsiders discussions at private meetings...