Analysis: RBA Lowe’s Forward Guidance Viewed Through CB-Intel Stories
By Sophia Rodrigues
Published On 08 Jan 2023 , 11:32 PMCB-Intel's last published article reviews RBA's forward guidance through the lens of CB-Intel stories.
I have looked back at all my stories to evaluate my own reporting on the RBA’s three-year yield target and forward guidance. While my articles were never perfect, I repeatedly made the point in several stories that the RBA’s forward guidance was event-based (or outcome-based) and hence conditional on events.
My stories also show that as events, or economic outlook, changed, so did the RBA’s view on when conditions for a rate hike would be met.
The article is published for free here.
LATEST SNIPPETS
RBA 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 AMRBA buys entire A$750m but yields rise vs Thu
The RBA has bought the entire A$750 million of government bonds it notified this morning, spreading the purchase amon...
Published on : 17 Apr 2020 , 12:00 AMAOFM to issue total A$11B of bonds, notes next week.
The AOFM has announced the following tenders next week, totaling A$6.0 billion of bonds and A$5.0 billion of notes. T...
Published on : 17 Apr 2020 , 12:08 PMRBA unexpectedly tapers bond-buying to A$750M
An unexpected further tapering in bond-buying by the RBA this week, with today's announcement to purchase A$750 m...
Published on : 17 Apr 2020 , 12:00 AMAustralia sells May 2032 bond at 0.9853% Weighted Avg Yld. Coverage 4.09 times
The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average yield of 0.9853%. The co...
Published on : 17 Apr 2020 , 11:07 AMAustralia sells May 2032 bond at 0.9853% Weighted Avg Yld. Coverage 4.09 times
The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average yield of 0.9853%. The co...
Published on : 17 Apr 2020 , 11:07 AMNo demand for USD at RBA's third repo auction
No demand for US dollars at the RBA's fourth repo auction. Overall too, there has been tiny demand for US dollars...
Published on : 17 Apr 2020 , 09:22 AMRBA buys A$810M of April 2025 govt bond
The RBA has bought the entire A$1.0 billion of government bonds it notified this morning, with 81% of the buying in t...
Published on : 16 Apr 2020 , 12:00 AMRBA tapers bond-buying further to A$1.0B
As expected, the RBA has reduced its bond-buying further today, notifying an amount of A$1.0 billion, compa...
Published on : 16 Apr 2020 , 12:42 PM