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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
MNI RBA Preview - September 2021: Touch & Go On Taper
EXECUTIVE SUMMARY
- The focus of September's RBA meeting will fall on the decision surrounding the Bank's yet to be implemented tapering move (to A$4bn of bond purchases/week), which, if it is upheld, will go into play in the coming days. It seems to be a very close call, with the near-term economic headwinds well-defined. However, the RBA previously pointed to a more medium-term view re: the benefits of elongating the current rate of bond purchases (A$5bn/week).
- On balance, we would lean towards a delay of the already announced tapering move, but we do not have a strong conviction behind this call.
- Fiscal support has been ample, with the RBA already outlining its view that fiscal levers provide the timeliest reaction to COVID headwinds, although the recent COVID-19 developments may tick the "further bad news" box and tip the balance towards a delay to the already announced tapering move.
Click to view the full preview:RBA Preview - September 2021.pdf
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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.