RBA’s Term Funding Facility Ends With A$21B Untapped or Repaid

By Sophia Rodrigues

(Sydney, July 2, 2021)—It might seem impossible to believe that any institution would refuse to borrow funds at a maximum rate of 25bps but it is exactly what seems to have happened.

The last date for...

RBA Governor Lowe’s Plan For Historic Moment Dashed

By Sophia Rodrigues

(Sydney, June 28, 2021)—It was meant to be a historic moment for RBA Governor Philip Lowe, addressing the media in person following monetary policy decision on July 6.

But any hope of this has been das...

RBA Ellis: Remains committed to maintain highly supporting monet...

--Board remains committed to maintaining highly supporting monetary conditions
--Aim to support return to full employment, inflation consistent with target
--Need to support demand for as long as spare capacity remains
--Outpu...

RBA Lowe: Some Scenarios See Conditions For Rate Hike Met In 2024

--In some scenarios conditions for cash rate hike could be met during 2024
--Yield target decision depends on probability of cash rate hike over 3-yr window
--Key consideration for bond purchase program is how it can support ongoing...

RBA Minutes Lays Options For Future Of Bond Purchase Program

By Sophia Rodrigues

(Sydney, June 15, 2021)—The Reserve Bank of Australia provided details of the four options it is discussing for future bond purchases, and it is likely two of the three options are more likely while the fourth o...

RBA Kent: Prospects For Growth And Rise In Inflation “Good”

By Sophia Rodrigues

(Sydney, June 9, 2021)—The prospects for growth and an eventual increase in wages and inflation are “good” as households and businesses benefit from record low interest rates, and supportive fiscal p...