We confirm our call that the RBA will extend its YCC policy to target the November 2024 signalling clearly that it does not expect to raise the cash rate before the end of 2024. This decision will be based on the Bank’s forecast timing of when it expects to attain its inflation; wages and full employment targets This note draws on the Minutes to the March Board meeting; the Governor’s Statement (March 2) and his speech on March 10. At the March Reserve Bank Board meeting, as expected, the Board maintained the policy settings which it had adopted at the February meeting and reaffirmed the conclusion in the Governor’s ... (full story)