Key headlines from RBA statement Tuesday

By Sophia Rodrigues

Published On 02 Feb 2021 , 02:35 PM

From the RBA's February Monetary Policy Decision statement:
--QE extension of A$100 billion after current program ends in mid-April; A$5 billion at week
--Not expecting conditions requiring rate rise to be met until 2024 at the earliest.
--Inflation, wage growth to pick up only slowly, remain below 2% next couple of years
--Exchange rate up, at upper end of range of recent years
--Central scenario is for jobless rate of 6% end of 2021
--Remains committed to maintaining highly supportive monetary conditions until its goals are achieved.


Moody's warns profits of big four Australian banks under pressure

Profitability of the big four Australian banks is under pressures from low interest rates amid weak credit growt...

Published on : 25 Nov 2019 , 03:35 PM
Australia Oct Labor Data Dovish for RBA Dec Meeting

Australia's unemployment rate rose to 5.3% in October from 5.2%, due to 19,000 fall in employed numbers. This was...

Published on : 14 Nov 2019 , 12:00 AM
Why RBNZ will Hold OCR at 1%

I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...

Published on : 13 Nov 2019 , 12:00 AM
Market Pricing for RBNZ Cut --How Much is "Will do"?

In their markets outlook on Nov 11, economists at BNZ wrote, "RBNZ shouldn’t cut this week but probably wi...

Published on : 13 Nov 2019 , 12:00 AM
What does RBA's Gentle Turning Point Refer to?

RBA Governor Philip Lowe first referred to gentle turning point at the Parliamentary testimony in August when he said...

Published on : 07 Nov 2019 , 12:00 AM
Expect Dovish RBA Statement, Refined Forward Guidance

It is very unusual for both market and economists to be strongly expecting a particular outcome (hold) for a RBA boar...

Published on : 05 Nov 2019 , 12:00 AM
Australia: More Reason to Buy vs Rent Dwelling

More reason to buy vs rent? For the first time since at least 2007, gross rental yields for properties in Australia&#...

Published on : 01 Nov 2019 , 12:00 AM
Will RBA Debate Further Easing at Nov Meeting?

Even before the RBA Nov board meeting begins, I am curious to find out if there will be a vigorous debate about...

Published on : 30 Oct 2019 , 07:21 AM
RBA Should Cut Now to Avoid QE

A few weeks back I wrote an article about how in theory the RBA could avoid QE, but to do so requires continuation of...

Published on : 31 Oct 2019 , 07:15 AM
Australia: Housing Group Numbers Disappoint Most in CPI

The most disappointing numbers in Australia Q3 CPI are the ones for housing group. Rent rose 0.4% y/y (and below 1.0%...

Published on : 30 Oct 2019 , 07:13 AM