RBA Upgrades Growth, Employment Outlook But Sees Slow Progress On...

By Sophia Rodrigues

(Sydney, May 7, 2021)— The Reserve Bank of Australia made significant upgrades to growth and labor data forecasts to account for the transition in the economy to expansion phase from recovery but expects wages g...

RBA Dep Gov Debelle Says Forward Guidance Is State-Based, Not Cal...

Key Points from RBA Deputy Governor Guy Debelle’s Speech Thursday:
--State of Economy Key Determinant of policy settings, not calendar
--RBA has provided timeframe for rate hike that fits description of state of economy
...

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...

RBA 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...

RBA 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...