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
Challenges of Communication. AOFM Tender Doesn't Sell Fully
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...
Published on : 24 Oct 2019 , 07:08 AMRBA Debelle's speech is Dovish
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...
Published on : 17 Oct 2019 , 07:07 AMSocial Media Lesson for RBA
A social media lesson for the Reserve Bank of Australia. This morning the RBA posted a tweet about their new $20 note...
Published on : 09 Oct 2019 , 07:00 AMRBA Will Cut Tue But Lowe's Speech Not a Clue
Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...
Published on : 01 Oct 2019 , 11:26 AMRBA QE Would be About Lowering Exchange Rate
I've spent a bit of time researching whether the RBA will do QE, at what point they will do it, and in what...
Published on : 09 Aug 2019 , 11:19 AMRBA Won't Give Up on Inflation Target
Few interesting stories 2day about RBA's inflation target. I am finding it hard to believe RBA will give up...
Published on : 25 Jul 2019 , 11:15 AMRBA may Debate 50bps Cut at July meeting
Two weeks ago it seemed RBA would not cut the cash rate in July, let alone lowering it by 50bps. But I did sugge...
Published on : 21 Jun 2019 , 11:13 AMRBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity
The RBA will cut the cash rate to a new record low at its meeting today and will maintain an easing bias. The market...
Published on : 04 Jun 2019 , 07:33 AMRBA Should Cut Soon, Not Wait
Any RBA rate cut now would be from a position of strength. The last thing the RBA should do is wait for this strength...
Published on : 07 Mar 2019 , 07:10 AMRBA's Own Video makes Arguments for Rate Cut
If you've not seen this video from RBA, you should see it if monpol is your area of interest. While the vide...
Published on : 06 Mar 2019 , 07:07 AM