RBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity
By Sophia Rodrigues
Published On 04 Jun 2019 , 07:33 AMThe RBA will cut the cash rate to a new record low at its meeting today and will maintain an easing bias. The market is prepared for both. But a key point of interest for the market will be the extent of easing bias that the RBA will convey. Will the language point to one more rate cut, or multiple cuts? Any hints will be in the comments on spare capacity in the labor market" and any view it expresses on housing market given recent developments. I will be watching whether RBA tweaks the last line "the Board will be paying close attention to developments in the labour market at its upcoming meetings" to include housing market.
LATEST SNIPPETS
AOFM total tenders next week A$10.5 billion
The AOFM has announced the following tenders next week, totaling A$5.5 billion of bonds (vs A$6.0 billion this w...
Published on : 24 Apr 2020 , 12:27 PMAOFM attracts record coverage for 2023 bond
The AOFM's A$1.5 billion of 5.5% April 2023 bonds attracted strong demand with coverage ratio posting a reco...
Published on : 24 Apr 2020 , 11:13 AMRBA total bond-buying hits A$48.7B
The RBA bought A$500 million of government bonds today, taking its total purchases since it launched bond-buying auct...
Published on : 23 Apr 2020 , 12:00 AMRBA buying A$500M of May 2028-Nov 2029 bonds
There's no pause in RBA's bond-buying yet with the announcement today to buy A$500 million of May 2028 to Nov...
Published on : 23 Apr 2020 , 02:50 PMAOFM gets record coverage for A$1.5B May 2030 bond tender
The AOFM has sold A$1.5 billion of 2.5% May 2030 government bond at a weighted average yield of 0.8460%. Th...
Published on : 22 Apr 2020 , 11:16 AMRBA buys A$500M bonds today; Total purchases hit A$47B
RBA buys entire A$500 million at today's bond-buying auction.
Following today's purchase, the...
Published on : 21 Apr 2020 , 05:56 PMRBA buying A$500M of 2025, 2026 bonds
The RBA is buying A$500 million of government bonds at auction today, maintaining purchases at the tapered level of y...
Published on : 21 Apr 2020 , 12:02 PMRBA total bond-buying via auction A$46.5B to date
RBA buys entire A$500 million at today's bond-buying auction.
Following today's purchase, the...
Published on : 20 Apr 2020 , 05:07 PMRBA tapers bond-buying further to A$500M
Further tapering of bond purchases by the RBA, with notified amount today of just A$500 million. The RBA is buyi...
Published on : 20 Apr 2020 , 11:48 AMAOFM sells A$3.0B Nov 2022 bond at 0.2544% weighted avg yield
The AOFM has sold A$3.0 billion of 2.25% November 2022 government bond at a weighted average yield of 0.2544%.&n...
Published on : 20 Apr 2020 , 11:08 AM