Australia's big four banks on RBA's 0.1% April 2024 target
By Sophia Rodrigues
Published On 27 Oct 2021 , 10:55 AMBig four banks on the RBA's 0.1% target on April 2024 bond:
--ANZ expects the RBA to drop the target when it brings forward timing for first hike. "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," ANZ's David Plank wrote in a note
--CBA's head of Australia economics Gareth Aird has yet to publish his view on the April 2024 target
--NAB economists expect RBA's first hike in 2024. So based on the rate hike timing, it appears they expect no change in the 0.1% April 2024 target.
--Westpac chief economist Bill Evans says the RBA should not walk away from the target. "That can only happen when the Bank actually raises the cash rate. At that point there will be no further responsibility to purchase the bond at 0.1%," Evans wrote in a note. For context, Westpac expects first RBA hike in 2023 March quarter.
LATEST SNIPPETS
Australia Jan Unemployment Rate Stays at 4.1%
Australia's unemployment rate was unchanged at 4.1% in January, data from the Australian Bureau of Statistics sho...
Published on : 19 Feb 2026 , 11:39 AMRBNZ Leaves OCR unchanged at 2.25%
The Reserve Bank of New Zealand kept the Official Cash Rate unchanged at 2.25%, meeting expectations.
Australia Wage Price Index Rises 3.4% y/y in December Qtr
Australia's wage price index rose 0.8% q/q in the December 2025 quarter, leaving the y/y pace unchanged at 3.4%,...
Published on : 18 Feb 2026 , 11:38 AMRBA Lifts Cash Rate to 3.85%
The Reserve Bank of Australia raised the cash rate by 25bps to 3.85%, marking a quick turnaround from a 25bps cut del...
Published on : 03 Feb 2026 , 02:37 PMRBA Maintains Cash Rate at 3.60%
The Reserve Bank of Australia left the cash rate unchanged at 3.60%, judging it appropriate to remain cautious w...
Published on : 09 Dec 2025 , 02:45 PMRBNZ Trims OCR 25bps to 2.25%
The RBNZ cut the Official Cash Rate by 25bps to 2.25%, and flagged this may be the end of the easing cycle.
RBA Cash Rate Steady at 3.60%
The Reserve Bank of Australia kept the cash rate unchanged at 3.60%, citing remaining inflationary pressure, pri...
Published on : 04 Nov 2025 , 02:36 PMRBNZ lowers OCR 50bps to 2.5%
The RBNZ cut the Official Cash Rate by 50bps to 2.5% citing prolonged spare capacity and the associated downside...
Published on : 08 Oct 2025 , 12:15 PMRBA Leaves Cash Rate Unchanged at 3.60%
The Reserve Bank of Australia left the cash rate unchanged at 3.60%, in line with expectations.
The to...
Published on : 30 Sep 2025 , 02:36 PMSlightly More Emphasis on Upside Risks In RBA Bullock's Speech
Key headlines from RBA Governor Michele Bullock's opening statement at Parliamentary testimony Monday:
...
Published on : 22 Sep 2025 , 11:16 AM