Reserve Bank of Australia

Sunday, 18 July 2021
Jun/Jul 2021

Australian housing takes off… again

Australian house prices have once again defied expectations, this time from the early stages of the COVID-19 pandemic, by resuming a seemingly unstoppable upward trajectory. While the Reserve Bank of Australia continues to insist rate hikes are not coming in the medium term, speculation is mounting about macroprudential intervention and financial-stability risk.

Tuesday, 06 July 2021

RBA bond purchases to support economy into expansion phase

The Reserve Bank of Australia has revealed the next phase of its QE programme, which includes a slight tapering of volume and additional flexibility. The central bank continues to believe extraordinary monetary support is needed given weak inflation outcomes even as the Australian economy expands.

Tuesday, 27 April 2021
Apr/May 2021

The IBOR clock keeps ticking

Updates in early 2021 confirm that there will be no reprieve for the international IBOR complex and only a temporary stay of execution for some specific rates. Market participants say Australasia – where rates based on bank bills will continue to exist, at least for the time being – is still insufficiently engaged with the transition process, including in the context of all-important cross-currency swaps.

Tuesday, 20 April 2021

Basel Committee homing in on climate risk

The Basel Committee on Banking Supervision published a report on 14 April detailing the transmission mechanisms of physical and transition climate risks into financial stability risk. Risks can be observed through traditional lenses, but the committee says more research is needed fully to understand the potential impact of climate change on the financial system.

Tuesday, 23 March 2021
Feb/Mar 2021

Australian market continues to orbit the RBA’s sun

KangaNews hosted its annual roundtable discussion for Australia’s leading bank fixed-income strategists in February – just as a new round of market speculation on the path of Reserve Bank of Australia stimulus was kicking off. The strategists remain convinced that Australian QE is set for some time, however – and that the market will continue to revolve around the gravitational pull of the central bank.

Sunday, 07 March 2021
Feb/Mar 2021 High-Grade Supplement

Divergent paths, similar results for QE down under

As environmental, social and governance issues become ever-more integrated with the credit investment process in Australia, the issue of pricing consequences for strong and weak performers is more relevant than ever. This is no longer just a question for direct emitters but also for companies with business models adjacent to emissions-intensive industries.

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