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Oct 30 - 12:55 PM

AUD: RBA To Deliver A Micro-Cut Next Week - ANZ

By eFXdata  —  Oct 30 - 10:45 AM

ANZ Research discusses its expectations for next week's RBA November policy meeting.

"We expect the RBA to deliver a micro-cut and introduce a QE program targeting AUD100bn purchases across 5y-10y bonds through to June 2021. Lowe has made reference to the Australian yield environment, which remains both higher and steeper than peer nations," ANZ notes. 

"While the sizing is less certain, a lack of commitment from the RBA may see the market unwind recent AUD weakness," ANZ adds. 

ANZ Research/Market Commentary


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