RESERVE-BANK-OF-AUSTRALIA
RBA To Maintain Highly Supportive Monetary Conditions Until Goals...
By Sophia Rodrigues
From the minutes of the RBA’s April board meeting:
--Would Maintain “Highly Supportive” Monetary Conditions Until Goals Achieved
--Prepared To Do Bond-Buys Beyond A$200B If Assist Pr...
RBA: Rising Housing Prices Reduced Near-Term Risks To Household B...
By Sophia Rodrigues
(Sydney, April 9, 2021) -- Rising housing prices have reduced near-term risks to household balance sheets, and further rise could affect housing affordability only if household income growth slows, the Reserve Bank of...
RESERVE-BANK-OF-AUSTRALIA, 09 Apr 2021, 11:53 AMRBA Kent: Business Failures to Rise as Pandemic Support Phases Ou...
--But Risk Of Small Business Defaults Relative to Large Ones Little-changed in 2020
By Sophia Rodrigues
(Sydney, March 17, 2021) -- Business failures are expected to rise as some of the pandemic support measures are phased out...
RESERVE-BANK-OF-AUSTRALIA, 17 Mar 2021, 10:30 AMRBA Minutes: Won’t Remove 3-Yr Target Completely or Increase from...
--Won’t remove 3-Yr target completely or change target yield of 10bps
--Would consider later in the year if to maintain April 2024 or shift focus to Nov 2024
--If April 2024 maintained, maturity of target would gradually declin...
RBA Gov Lowe: Committed To 3-Yr Yld Target; Cash Rate Very Likely...
From Governor Philip Lowe’s speech Wednesday:
--Remains committed to 0.1% three-year yield target
--Not considering removing 3-yr target or changing from 10bps
--Discussed whether to keep April 2024 target or move to Nov...
RBA Retains Forward Guidance On Cash Rate, Stresses Flexibility O...
--Removes mention of mid-April for completion of current A$100B QE.
-- Prepared to make further adjustments to its purchases in response to market conditions.
--To Do A$100B QE once current program over. Do more if necessa...