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Jan 12 - 12:55 PM

AUD: The RBA’s Balance Sheet Run-Off - BofA

By eFXdata  —  Jan 12 - 10:45 AM

Bank of America Global Research discusses its expectations for the end of the RBA’s Bond Purchase Program (QE).

"The RBA's Bond Purchase Program is likely to conclude in 1H22 to complete the withdrawal of unconventional monetary policy. The RBA's balance sheet will remain large and accommodative over the coming years. Rate hikes in 4Q22 should remain in view," BofA notes. 

"Gradual balance sheet reduction and a lower RBA terminal policy rate relative to the Fed argue for tighter AU US 1y1y rates," BofA adds. 

Source:
BofA Global Research

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