RBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity

By Sophia Rodrigues

Published On 04 Jun 2019 , 07:33 AM

The 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

RBA buys 2024 bond at 0.1142% weighted avg yield; 2030 bond at 0.9133%

The RBA bought A$2.0B of April 2024 government bond at a cut-off yield of 0.1075% and weighted average yield of 0.114...

Published on : 12 Nov 2020 , 06:26 PM
RBA buying A$2B of April 2024 plus A$2B QE

The RBA is buying A$2 billion of April 2024 government bonds under the yield target policy, in addition to its purcha...

Published on : 12 Nov 2020 , 11:24 AM
RBA may buy 3-year government bonds again

Three-year yield on Australian government bonds are currently above the 0.10% target, raising speculation on whether...

Published on : 12 Nov 2020 , 10:51 AM
Headlines from the RBNZ’s November MPS on FLP:

Headlines from the RBNZ’s November MPS on FLP:

-Plan to implement Funding for Lending Programme in ea...

Published on : 11 Nov 2020 , 12:09 PM
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 AM
Results 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 PM
RBA 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 AM
Headline from RBA Nov Statement on MonPol

RBA Not Contemplating Further Reduction In Interest Rates
RBA: Focus Will Be QE Program, Prepared To Buy More...

Published on : 06 Nov 2020 , 11:34 AM
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 AM
RBA 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 PM