RBA meeting next week – preview (“Next steps for the RBA”)

The Chief Economist at Westpac has a piece out on the “Next steps for the RBA”.

Its not strictly a preview of the meeting coming up on Tuesday February 2 (statement due at 2.30pm Sydney time, which is 0330GMT). Note also:

  • Following the meeting Reserve Bank of Australia Governor Lowe will speak on Wednesday, February 3
  • And on Friday, February 5, we’ll get the quarterly  Statement on Monetary Policy

In summary from the WPAC piece:

  • The policies that are up for consideration for the RBA will be the Quantitative Easing Policy (QE) – the $100 billion program is set to be completed in early May; the Term Funding Facility (TFF) -drawdowns on that facility are set to expire on June 30;and the yield curve control initiative that has no “expiry” date.
  • With the recent faster than expected improvement in the labour market markets are reassessing the outlook for policy. We continue to expect QE to be extended at $100 billion and YCC to remain in place in 2021 although TFF may be reshaped.
The Chief Economist at Westpac has a piece out on the "Next steps for the RBA".RBA Gov. Lowe

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