More Australian analysts change their RBA forecasts, ANZ say the Bank to move to 'flexible' QE

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia forecasts coming in droves today:

ANZ now, expect the RBA will announce shifting to flexible QE, no set total & begins a weekly amount of AUD5bn to be reassessed prior to the end of the year.
  • 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. 

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