RBA may not turn dovish yet but acknowledge balance of risks have changed
By Sophia Rodrigues
Published On 05 Feb 2019 , 07:02 AMOne 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
No 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 PMAustralia New 2024 Allocation -- 17.3% to Hedge Funds, 31.5% to Bks-Trading
Despite declining nearly half of the bids at the clearing price, 17.3% of the new 0.25% November 2024 syndicated bond...
Published on : 16 Apr 2020 , 09:22 AMAustralia govt makes record for new 2024 bond issue
The Australian government has set a record for a new bond issue, printing A$13 billion of the new 0.25% Nov...
Published on : 15 Apr 2020 , 01:28 PMRBA buying semis Jan 2028-Dec 2030
The RBA is buying semi-government bonds today for A$1.5 billion in the maturity range January 2028 to December 2030....
Published on : 15 Apr 2020 , 12:43 PMRBA buying concentrated in Nov 2022 govt bond
The RBA bought the entire A$1.5 billion it notified this morning, with 65% of the purchases concentrated in the Novem...
Published on : 14 Apr 2020 , 04:14 PMRBA buying A$1.5B govt bond at short end
The RBA is buying government bonds at the tapered pace of last Thursday, announcing a notified amount of A$...
Published on : 14 Apr 2020 , 12:07 PMRBA buys entire A$1.5B; Ylds up vs similar past purchases
The RBA bought the entire A$1.5 billion it offered to purchase today. In case of the 2028 bonds, the cut-of...
Published on : 09 Apr 2020 , 03:58 PMRBA sells US$500m at third repo auction
The Reserve Bank of Australia’s third repo auction to provide US dollars attracted marginally less demand...
Published on : 09 Apr 2020 , 12:15 PM