RBA monetary policy meeting Tuesday 6 July 2021 - preview

Author: Eamonn Sheridan | Category: Central Banks

The Reserve Bank of Australia statement will come at 0430 GMT and Governor Lowe will speak at a news conference at 0600 GMT 

Commonwealth Bank of Australia analysts are expecting the Bank to begin 'tapering' the rate of bond purchases from September
  • either by scaling back amounts being purchased 
  • or spreading out the purchases over a longer period of time
  • The Bank may also move to a more flexible programme. 
CBA expect the RBA to start lifting the 0.1% cash rate in November 2022, well ahead of the promised 2024 at the earliest from the RBA. 
rba Governor Lowe

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