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The RBA is more concerned about persistent disinflation given the downward trend in core inflation and inflation expectations since 2016.

MacroBusiness Access Subscriber Only Content Chris Joye with the note. I agree: If the RBA’s powerful board was considering the possibility of pre-emptively tapering its monetary policy stimulus years before it had secured its goal of getting annual wages growth well above 3 per cent and, even more importantly, core inflation “sustainably” within its target 2 to 3 per cent band, the recent economic data has not provided a compelling case. This week the all-important wage price index lent weight to the RBA’s hypothesis that nation-wide pay pressures remain extremely soft (despite the h...

Wages, wages, wages: it’s a problem that Treasury forecasts suggest won’t be addressed for four years – or two federal elections away.

UBS has added its voice to the chorus of commentators warning the RBA could be forced to lift rates prematurely in the face of a stronger-than-expected recovery.

Save Share The federal government’s debt manager has significantly reduced its target issuance for this financial year and next financial year, but the market is still divided as to whether this will sway the Reserve Bank to taper its record bond-buying purchases. The Australian Office of Financial Management said on Wednesday that debt to be raised this financial year would now be $202.5 billion, down from $230 billion, and next financial year it intended to raise $130 billion. More detailed guidance on issuance plans for next financial year will be provided on July 2. AOFM chief execut...