More Australian analysts change their RBA forecasts, ANZ say the Bank to move to 'flexible' QE
Reserve Bank of Australia forecasts coming in droves today:
- We are changing our call on quantitative easing.
- We now expect the RBA to announce a shift to 'flexible' QE.
- we think the market will view this as a soft taper
- we still expect the yield target to remain fixed on the April 24 bond tether than be expended to the November 24 bond.