Westpac has amended its Reserve Bank of Australia forecast:

National Australia Bank did similar yesterday, projecting the Bank will moderately taper:

  • see the RBA extending QE but reducing the quantity purchased from the current $100b to $75b over six months
  • NAB also continue to expect the RBA will refrain from rolling its Yield Curve Control bond forward to the November 2024 ACGB, instead keeping it at the April-2024 bond