RBA may not turn dovish yet but acknowledge balance of risks have changed

By Sophia Rodrigues

Published On 05 Feb 2019 , 07:02 AM

One 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

Australia's core CPI in RBA target band for first time since 2015

Australia's Q3 CPI shows core inflation rising into RBA's target band for the first time since 2015 (and impo...

Published on : 27 Oct 2021 , 11:39 AM
Australia's big four banks on RBA's 0.1% April 2024 target

Big four banks on the RBA's 0.1% target on April 2024 bond:

--ANZ expects the RBA to drop the target wh...

Published on : 27 Oct 2021 , 10:55 AM
ANZ economists expect RBA to drop April 2024 target if guidance shifts

Economists at ANZ Bank expect the RBA to drop the 10bps target on April 2024 bond if it brings forward timing for the...

Published on : 27 Oct 2021 , 09:18 AM
Australian dollar currency notes on issue crosses 100 billion

The amount of Australian dollar currency notes on issue crossed the A$100 billion mark this week, rising to A$100.153...

Published on : 22 Oct 2021 , 05:25 PM
Some Facts On RBA/AOFM Bond Lending Facility

Following RBA announcement after market hours Tuesday about indicative fee for borrowing (RBA as lender) April 2023 a...

Published on : 20 Oct 2021 , 10:12 AM
RBNZ's Hawkesby Promoted to Deputy Governor

The Reserve Bank of New Zealand has announced the promotion Christian Hawkesby to the position of deputy governor, ef...

Published on : 06 Oct 2021 , 12:00 AM
Big Four Banks Forecast for RBA Cash Rate

Big four banks' forecast for the RBA cash rate:

--ANZ expects first rate hike in 1H of 2024. "Our...

Published on : 17 Sep 2021 , 10:50 AM
RBA Lowe's speech at 1300 hours today

Small change in timing of RBA Governor Philip Lowe's speech this afternoon, now at 1300 hours Sydney time (was 12...

Published on : 14 Sep 2021 , 11:55 AM
AOFM's 2032 Treasury Indexed Bond Syndication likely A$3.0B

The AOFM is expected to issue A$3.0 billion of 0.25% November 2032 Treasury Indexed Bond after orderbook topped A$7.1...

Published on : 24 Aug 2021 , 09:10 AM
AOFM's 2032 Treasury Indexed Bond Syndication Attracts A$3.3B

The AOFM's syndication of 0.25% November 2032 Treasury Indexed Bond attracted orderbook over A$3.3 billion by 130...

Published on : 23 Aug 2021 , 02:23 PM