ANZ economists expect RBA to drop April 2024 target if guidance shifts
By Sophia Rodrigues
Published On 27 Oct 2021 , 09:18 AMEconomists at ANZ Bank expect the RBA to drop the 10bps target on April 2024 bond if it brings forward timing for the first hike. Until that happens, the target on the bond will remain in place, ANZ's head of Australian economics David Plank wrote in a note.
If the RBA continues to see the first move in the cash rate as being in 2024 then the Apr '24 target will remain in place until it effectively 'fades' away, Plank wrote.
If the RBA's expectation about the first hike is brought forward, the target will have to change and the easiest option is to simply drop it, he said.
.
LATEST SNIPPETS
My tweets from first session of RBA's Parliamentary testimony today
RBA Lowe: If the unemployment rate were to be moving MATERIALLY in the wrong direction n there was no further progres...
Published on : 07 Feb 2020 , 10:59 AMWestpac's Evans Now Expects RBA Cut in April, Aug (Previously Feb, June)
Westpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, c...
Published on : 24 Jan 2020 , 11:26 AMANZ No Longer Forecasting RBA Feb Cut
Economists at ANZ have removed RBA cut in February from their forecast following the strength in employment in Novemb...
Published on : 23 Jan 2020 , 01:37 PMAustralia Consumer House Price Sentiment Could Justify RBA Hold in Feb
Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentimen...
Published on : 22 Jan 2020 , 11:36 AMAustralia Q3 net export to add 0.2%ppt to Q3 GDP
Australia net export to contribute 0.2 percentage point to Q3 GDP, data from ABS showed.
Terms of trade was st...
Australia consumer confidence off multi-year low but econ conditions view further down
Consumer confidence rose 1.2% in the week to Dec. 1 to 108.1, marking the first rise in four weeks but remained...
Published on : 03 Dec 2019 , 10:04 AMAustralia ANZ job ads down in November; Trend firmly negative
Job ads fell for the second straight month in November, down 1.7% m/m after a 1.0% fall in October, data from ANZ sho...
Published on : 02 Dec 2019 , 11:42 AMKey points from Australia's private sector credit for October
Key points from Australia's private sector credit growth for October, published by the RBA Friday.
--...
RBA may buy RMBS if dysfunction in mortgage market
Regarding purchase of Residential Mortgage-Backed Securitie (RMBS), RBA Governor Philip Lowe said last night that it...
Published on : 27 Nov 2019 , 09:58 AMRBNZ dismissing possibility of negative OCR?
The RBNZ appears to be dismissing the possibility of a negative official cash rate. In the Financial Stability Report...
Published on : 27 Nov 2019 , 07:17 AM