RBA may not turn dovish yet but acknowledge balance of risks have changed
By Sophia Rodrigues
Published On 05 Feb 2019 , 07:02 AMOne of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would be improved outlook for business investment -- non-mining and mining, continued positive outlook for terms of trade, and positive outlook for labor market. These would offset concerns about falling housing prices for now (also because households are getting boost from lower fuel prices). Stable for longer would be RBA's key message but that may not be evident today. I will look for "probability" in Lowe's speech and assessment of risks in the SOMP. Bottomline: The available information doesn't leave scope for RBA to turn dovish now but that doesn't mean they don't recognize the balance of risks have changed.
LATEST SNIPPETS
RBA Lifts Cash Rate 25bps to 4.60%
The RBA raised the cash rate by 25bps to 4.60%, taking the total rate hike this year to 100bps.
The increas...
Published on : 29 Sep 2026 , 02:45 PMConcerts in Australia and Demand in 2027
There will no doubt be stories about this in the months to come, but based on my understanding, 2027 is turning out t...
Published on : 23 Sep 2026 , 06:54 PMCredit to Macquarie Uni Student
It was a question I was asked by a student at Macquarie University that led to a last-minute decision (I had prepped...
Published on : 23 Sep 2026 , 06:53 PMTwo Big Four Banks Forecasting RBA Sep Hike
Two of the four big banks are now forecasting RBA hike in September. Westpac moved today to September (was the last b...
Published on : 18 Sep 2026 , 06:51 PMRBNZ Assistant Governor Silk to Leave in Dec
RBNZ's assistant governor Karen Silk to leave the bank in December.
The executive leadership team...
Australia and Recession. Really?
Apparently one more RBA cash rate rise will tip Australia into recession, given weak sentiment and housing market dow...
Published on : 10 Sep 2026 , 06:48 PMCentral Bank and Communication - RBA
RBA deputy governor Andrew Hauser's interview with ABC's 7:30 program yesterday was pre-recorded.
Central Banks and Communication - RBNZ
The Reserve Bank of New Zealand lifted the OCR by 25bps to 2.75% and flagged the OCR may need to rise further.
...
RBNZ Lifts OCR 25bps to 2.75%
The Reserve Bank of New Zealand lifted the Official Cash Rate by 25bps to 2.75%. The decision was reached by consensu...
Published on : 02 Sep 2026 , 12:15 PMAustralia And $1T Issuance
Australian Commonwealth securities on issue have crossed A$1 trillion. It is not the same as debt crossing A$1 trilli...
Published on : 02 Sep 2026 , 10:51 AM