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Sep 14 - 12:55 PM

AUD: RBA Pushes Back Against Early Rate Hike Expectations - MUFG

By eFXdata  —  Sep 14 - 10:45 AM

MUFG Research discusses the trajectory of RBA monetary policy.

"The RBA is still not planning to begin raising rates until at least 2024 at the earliest. The commitment to maintain low rates for longer remains in place despite their decision at last week’s meeting to start tapering QE by AUD1bn to AUD4bn per week," MUFG notes. 

"Governor Lowe explained overnight that the delayed recovery in Australia in response to the current lockdowns made it appropriate to delay until February the next decision to taper QE further," MUFG adds. 

Source:
MUFG Research/Market Commentary

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