RESERVE-BANK-OF-AUSTRALIA
RBA Minutes: Pace Of Further Rate Cuts Could Be Gradual Or Slight...
--Staff forecasts conditional on rate cut at meeting and somewhat further thereafter
--Total 80bps of cash rate cuts over coming year, including at meeting, factored in forecast
--Gradual reduction pace as labour market conditions a...
RBA SOMP: Perfect Forecasts Point to 3.1% Cash Rate By Early 2026...
--Baseline based on mkt pricing of 3.1% cash rate shows inflation sustainably at target midpoint
--Current cash rate path falls within the range of neutral
--Productivity downgrade to 0.7% from 1.0% medium-term has no impact on infla...
RBA Bullock: Latest Labour Data In Line With May Forecast, Not “S...
--Latest labour data in line with our May forecasts
--Some coverage suggested labour data was a “shock”
--Leading indicators not pointing to further significant rise in unemployment rate
--RBA doesn’t target...
RBA Minutes: Public May Be Misinterpreting Neutral Based On Alter...
--May forecasts suggest neutral rate little over 3%
--Monetary policy stance still modestly restrictive, but financial conditions eased further
--All agreed on more rates reduction but focus was timing and extent
--Private dem...
RBA Hunter: Will Adjust Policy Based On Current Conditions vs SOM...
--Will monitor carefully which of 3 scenarios in SOMP is closest to how things unfold
--Sustained fin conditions tightening embodied in trade war downside scenario
--Recent AUD recovery vs USD unusual vs historical experience
...
RBA Minutes: Not Yet Time To Move MonPol To Expansionary Stance
--Case for 25bps cut considered stronger vs 50bps, after cut judged to be stronger vs hold
--25bps cut guarded against policy reversal risks, if rate cuts proved to be too rapid
--One reason to hold was monpol was judged not be &ldqu...