RBA Might Buy Bonds Now Via Market Ops; QE Might Come Later

By Sophia Rodrigues

The Reserve Bank of Australia might be in the market to buy government bonds using a tool that is part of its regular market operations but being done now to support the smooth functioning of the market.

Any...

RBA Has So Far Estimated Coronavirus Impact On GDP Only from Tour...

By Sophia Rodrigues

The Reserve Bank of Australia has estimated the impact of coronavirus on GDP based on its effect on tourism and education, and hasn’t taken into account the flow-on impact on other parts of the economy yet.

RBA Cuts Cash Rate 25bps; Easing Bias Tied to Coronavirus

By Sophia Rodrigues

The Reserve Bank of Australia lowered the cash rate by 25 basis points to a new record low of 0.50% and retained an easing bias tied to the impact of coronavirus, rather than the labor market.

This means the...

RBA Paper: Lower Interest Rates Increase Housing Wealth Inequalit...

By Sophia Rodrigues

Lower interest rates increase housing wealth inequality at least in the short term, according a discussion paper published by the Reserve Bank of Australia Monday.

The paper examines the distributional effec...

Analysis: Jobs, Housing Sentiment May Give RBA Enough Reasons to...

By Sophia Rodrigues

Australia’s labor force report for December was an all-round positive one, and comes against the backdrop of improving housing market sentiment. This, together with a largely stable Australian dollar, could make...

RBA Keeps Cash Rate Unchanged on Lower AUD, Rising Asset Prices

By Sophia Rodrigues

The Reserve Bank of Australia left the official cash rate unchanged at 0.75% citing the stimulatory effect from the past three cuts on the economy via the lower exchange rate, asset prices and lower mortgage rates. It...