This sudden change in the rate cut timetable expectations has impacted treasury yields, with the yield on two-year Treasuries, which is sensitive to interest rate expectations, rising to 4.62%. The increase in borrowing costs, in turn, has caused bond prices to fall and led to a decline in interest rate futures. Richmond Federal Reserve Bank…
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The RBA maintained its view on the inflation trajectory, expecting to achieve an annual target range of 2% to 3% by 2025, with a midpoint within that range expected only by 2026. In the statement on its Monetary Policy Decision, the RBA stated: The Board remains resolute in its determination to return inflation to target…
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The RBA also noted that it would require more economic signals before considering any further adjustments to monetary policy. In their policy statement, the RBA pointed out that the October monthly CPI indicator indicated a continued inflation moderation. The AUD/USD pair is experiencing a decline, marking its second consecutive day of losses after retracing from…
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Last week the Reserve Bank of Australia’s decision to hold at 4.1% came as a surprise to many participants given that a single hike was priced in. The Australian dollar made losses against most major currencies in the aftermath. The Bank of England delivered with another single hike, taking the bank rate to 5.25%. This…
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According to currency analyst Luca Santos at ACY Securities, the CPI forecasts predict an inflation decline to 3.25% by the fourth quarter of 2024. A reduction would ensure the decreased inflation target for the further quarter of 2025 is met. Although the change is barely discernible, it implies that the RBA and other financial authorities…
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ASIC and the Reserve Bank of Australia (RBA) announced that today welcome the publication of the ASX BBSW Trade and Trade Reporting Guidelines (ASX BBSW Guidelines). The bank bill swap rate (BBSW) is the major interest rate benchmark for the Australian dollar and is widely referenced in financial contracts. A major concern over recent years…
Read moreThe Australian watchdog said the steep spike in AUD against the USD ahead of the RBA's interest rate decision on April 7th was due to normal market operations in conditions of low liquidity.
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Read moreThe Reserve Bank of Australia welcomes Bitcoin as part of Australia's financial landscape, but sees no need to introduce regulation
Read moreThe European Securities and Markets Authority (ESMA) and the Reserve Bank of Australia (RBA) have concluded a Memorandum of Understanding (MoU) that will allow RBA to have access to data held in European Trade repositories according to its mandate. The MoU is effective as of February 18th, 2015. The ESMA-RBA MoU is the second cooperation arrangement…
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