Free Trial

ANZ Now Look For "Flexible" QE

RBA

ANZ note that they "are changing our call on quantitative easing (QE). We now expect the RBA to announce a shift to 'flexible' QE that entails no set total and starts at a weekly amount of A$5bn that will be reviewed before year end. We think the market will view this as a 'soft' taper."

  • "How soft will depend in part on whether the RBA sets any limits around the flexibility this option provides. It would make sense to do so, but the RBA may have another view."
  • "We still expect the yield target (YT) to remain fixed on the Apr-24 ACGB rather than be extended to the Nov-24 bond."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.