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Showing 1 - 10 of 21 results for "July 30-31 meeting"

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... relied on to raise interest rates by a quarter of a percent in May and will be the same figures it relies on at its July meeting." "Because Australia only reports CPI data quarterly, we have a limited understanding of the impact May's interest rate ...

Economic recap: Week to July 23

BENJAMIN ONG  |  MONDAY, 26 JUL 2021
... contract in the September quarter. The uncertainty created by the Delta outbreak rendered the minutes of the RBA's July meeting outdated. The optimistic narrative painted by the RBA at the meeting led markets to anticipate that it would further QE ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... on the RBA's board meeting this week (July 6). Recall that at its meeting in May, it announced that: "At its July meeting, the Board will consider whether to retain the April 2024 bond as the target bond for the 3-year yield target or to shift to ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... central bank has already provided forward guidance at its May meeting that July is the month to watch out for. "At its July meeting, the board will consider whether to retain the April 2024 bond as the target bond for the 3-year yield target or to shift ...

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
... talk by announcing a "tapering of QE" at its 21 April meeting, the RBA's holding out till July. To wit: "At its July meeting, the Board will consider whether to retain the April 2024 bond as the target bond for the 3-year yield target or to shift ...

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... has not changed...This is not something we're looking at." Although considered an option, the minutes of its July meeting, the RBA wrote that: "Members agreed that negative interest rates in Australia remain extraordinarily unlikely." This was later ...

Chief economist update: Australia on top despite recession

BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
... that the Bank of England (BOE) and the Exchequer remain on their toes. The BOE kept the Bank Rate unchanged at its July meeting after it maintained the Bank Rate at a record low 0.1% in June and it increased its GILT purchases by £100 billion -- taking ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
... kept monetary policy settings unchanged - target rate at -0.1% and 10-year JGB yield target at zero - at its 14-15 July meeting. While sitting BOJ Governor and the Policy Board pledged that they will "closely monitor the impact of the novel coronavirus ...

RBA prepares to scale up bond buying

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
The Reserve Bank of Australia kept interest rates steady at its July meeting but said it is standing ready to scale-up its bond buying purchases again to ensure bond markets remain functional. The RBA board decided to maintain the current policy settings ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
"Gone Fishing!" Given "current" market expectations, this would be an appropriate sign on the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided ...
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