-
Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to: retain the April 2024 bond as the bond for the yield target and retain the target of 10 basis points continue purchasing government bonds after the completion of the current bond purchase program in early September. These purchases will be at the rate of $4 billion a week until at least mid November maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent. These measures will provide the continuing monetary support that the economy needs as it transitions from the recovery phase to the expansion phase. The Board ... (full story)
-
RBA: The Board decided to:
— Anthony Barton (@ABartonMacro) July 6, 2021
- Retain the April '24 bond as the bond for the yield tgt & retain the tgt @ 10bp
- Cont. purchasing gov't bonds after the completion of the current purchase program in early Sep. These purchases will be at the rate of A$4bn/week until at least mid Nov.
-
RBA guidance: "The Bank's central scenario for the economy is that this condition will not be met before 2024." Removing the reference to "at the earliest"
— Anthony Barton (@ABartonMacro) July 6, 2021
-
RBA still as dovish as you can get... QE continues but at a slower AU$4bn rate. And firmly ruling out a rate hike until at least 2024. This is a different RBA to post-GFC. $AUD lower and may continue to fall (especially vs. $NZD where RBNZ rate hike bets have been increasing) pic.twitter.com/IQTRbO4j2J
— Viraj Patel (@VPatelFX) July 6, 2021
-
AUD/USD whipsaws around weekly top above 0.7550 on RBA’s inaction
AUD/USD wobbles around intraday/weekly high as RBA keeps monetary policy intact, hints QE extension. DXY ignores Treasury yiled rebound to print three-day downtrend. Covid woes stay intact, Epsilon adds to the virus-led pessimism. RBA’s Lowe needs to justify the latest moves to defend the bulls. AUD/USD pays a little heed to widely anticipated RBA inaction, despite easing from the recent top to 0.7560, up 0.46% intraday, during early Tuesday. In doing so, the Aussie pair cheers broad US dollar weakness. The Reserve Bank of Australia (RBA) poured cold water on the face of expectations that the Aussie central bank ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jul 6, 2021 12:35am Jul 6, 2021 12:35am
- jordanvic
- | Joined Jul 2020 | Status: Bro | 920 Comments
- Comment #2
- Quote
- Jul 6, 2021 12:42am Jul 6, 2021 12:42am
- umbrella man
- | Joined Aug 2009 | Status: Member | 552 Comments
- Comment #3
- Quote
- Jul 6, 2021 12:46am Jul 6, 2021 12:46am
- jegas
- Joined Oct 2011 | Status: Forex is an Unpredicatable Game.... | 1208 Comments
- Comment #4
- Quote
- Jul 6, 2021 3:06am Jul 6, 2021 3:06am
- grandia
- | Joined Oct 2011 | Status: Member | 174 Comments
- Comment #5
- Quote
- Jul 6, 2021 7:22am Jul 6, 2021 7:22am
- LloydOz
- | Membership Revoked | Joined Oct 2019 | 571 Comments
- Comment #6
- Quote
- Jul 6, 2021 1:17pm Jul 6, 2021 1:17pm
- Donfeb
- | Joined Nov 2017 | Status: Member | 124 Comments
- Comment #7
- Quote
- Jul 7, 2021 4:56am Jul 7, 2021 4:56am
- LloydOz
- | Membership Revoked | Joined Oct 2019 | 571 Comments