Response to RBA Debelle's speech - RBA is always too optimistic. (Also, AUD targets).

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia Deputy Governor Debellse spoke yesterday:

Rabobank make a point that needs to be made more often (made here at ForexLive quite often) - the bolded words ... :
  • AUD ... is worst-placed for a US-China decoupling, the RBA's Debelle just gave a speech in which he said a lower AUD would be beneficial to support the economy, and that higher public debt levels (which the RBA will support) are not a problem. 
  • The RBA's projections, always too optimistic, are also that it will be three years before rates need to rise again. 
Rabobank twist the knife:
  • Ask the BOJ how long it has taken them
And, a little more:
  • We see scope for AUD/USD to pullback towards 0.71 on a three-month view and to fall to 0.68 in six months
Reserve Bank of Australia Deputy Governor Debellse spoke yesterday:


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