Big Four Banks Forecast for RBA Cash Rate
By Sophia Rodrigues
Published On 17 Sep 2021 , 10:50 AMBig four banks' forecast for the RBA cash rate:
--ANZ expects first rate hike in 1H of 2024. "Our 'expected value' for the cash rate by early 2023 is above 0.1%, even though our central forecast is that the RBA won’t lift it until the first half of 2024."
--CBA expects rate hike in May 2023. "We retain our call for the RBA to commence normalising the cash rate from May 2023 whilst acknowledging the risks are skewed towards a later date for lift off."
--Westpac expects first hike in 1Q of 2023. Forecast for cash rate is 25bps 1Q 2023, 50bps 2Q 2023 and 75bps 4Q 2023.
--NAB expects first hike in 2024. "We think the first increase in the cash rate target could be 40bps to 0.50%, given the actual cash rate is likely to remain nearer the bottom of the corridor than the official target rate."
LATEST SNIPPETS
RBA buying semis in March 2025 to May 2028 maturity
The RBA is buying A$1.0 billion semis today under the A$100 billion bond-buying program.
The purchase...
Published on : 11 Nov 2020 , 11:32 AMResults of RBA's Bond-buying Auction Monday
Results of the RBA's bond-buying auction Monday, consisting of A$1.5 billion under 3-year yield target and A$2.0...
Published on : 09 Nov 2020 , 03:54 PMRBA buying total A$3.5B under 3-yr target, QE
The RBA is buying A$3.5 billion of government bonds today, with A$1.5 billion as part of its 3-year yield target, and...
Published on : 09 Nov 2020 , 11:33 AMHeadline from RBA Nov Statement on MonPol
RBA Not Contemplating Further Reduction In Interest Rates
RBA: Focus Will Be QE Program, Prepared To Buy More...
RBA buying A$2B of Nov 2028-May 2032 at 1st QE
The RBA is buying A$2 billion of November 2028 to May 2032 government bonds (excluding December 2030 bonds) as p...
Published on : 05 Nov 2020 , 11:21 AMRBA re-opening media lockups?
It appears the RBA's media lock-ups will restart from Friday when the Statement on Monetary Policy will be publis...
Published on : 04 Nov 2020 , 04:16 PMHeadlines from RBA Lowe's Speech Tuesday
RBA Lowe: No Change in View Little To Be Gained from Negative Policy Rate
RBA Lowe: Negative Policy Rate Extra...
More Headlines from RBA Policy
Any bond-buying to support 3-yr target would be in addition to A$100B QE
Not expecting to raise cash rate f...
Published on : 03 Nov 2020 , 02:35 PMHeadline from RBA's November MonPol Decision
From the RBA's November Monetary Policy Decision statement:
-Cuts cash rate target to 0.1% from 0.25%
RBA TFF drawdown steady since Sep 30 as bks await rate cut
Total amount drawdown from the RBA's Term Funding Facility has been unchanged for three straight weeks...
Published on : 30 Oct 2020 , 04:13 PM