--Underlying inflation forecast to peak at 6% end-2022, 3.8% end-2023, 3.0% end-2024
--Forecasts assume 3% cash rate end-2022, decline little by end-2024
--Inflation expectations, general inflation psychology shift are uncertainties...
RBA Lowe Talks About Inflation Expectations, References 1970s
--Lowe talks about Inflation expectations first time in Australia’s context
--Lowe references lesson from 1970s inflation shock
--Level of Interest r...
--Rise in actual housing rents paid something to watch out for
--Expect price “shift” as demand for new housing fades, interest rates rise
--But difficult to know when that will happen
--Fall in average household s...
From RBA Assistant Governor Christopher’s speech Monday
--RBA considered options to reduce Exchange Settlement balances more quickly
--RBA currently has no plans to sell bonds from its portfolio
--RBA wants to ensure mar...
--Inflation outlook much stronger than anticipated few months ago
--Terms of trade to reach new peak in 1H of 2022, remain higher thereafter
--RBA considered “rapidly evolving” inflation, growth outlook at May meeting
By Sophia Rodrigues
(Sydney, May 3, 2022)—The Reserve Bank of Australia raised the cash rate by 25 basis points to 0.35%, marking the first interest rate hike since November 2010 and the beginning of normalising monetary conditions...RESERVE-BANK-OF-AUSTRALIA, 03 May 2022, 03:30 PM