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UBS expect a Reserve Bank of Australia rate hike in July

UBS expect a Reserve Bank of Australia rate hike in July
Catching up on this snippet from UBS last week on the RBA. UBS note the RBA minutes mention the RBA will engage in passive quantitative tightening (QT). QT is when central banks reduce their balance sheets by actively selling assets. 'Passive' QT is allowing holdings of government bonds to roll off the Bank's balance sheet as they mature.UBS expect the RBA to actively engage selling bonds from the start of next year, provided no particular stress in funding markets emerge.As for the RBA's cash r... Read More
Posted: May 29 2023, 01:03
Author Name: forexlive
Views: 102372

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