Australian interest rates

As we know, the world enjoyed an unprecedented K-shaped recovery last year as goods boomed via stimulus and work from home.

The RBA has never directly acknowledged a single asset bubble that I can recall.

Via Banking Day: Greater Bank has set a new benchmark in the mortgage market, cutting its one-year fixed rate by 20 basis points to 1.69 per cent.

As real interest rates fall and fall, at first via central bank interest rate cuts then via rising inflation meeting central bank’s refusing to hike, cash gets less and less attractive.

For many years Australia has dragged the chin on unconventional monetary policy.

With a short term inflation spike about to land on markets BofA takes a look at the critical bond yield levels that would upset stocks: No more TINA The long-standing bullish mantra for stocks has been “There is no alternative” or TINA.

Via the good Captain today in Parliament: The RBA does not – and should not – target housing prices.

Risk is on but not for the Australian dollar which is retesting the lows again: There is only one reason for this today.

Via Capt’ Phil: Thank you for the invitation to address the National Press Club.

The most dovish RBA ever by a country mile has tongues wagging.

A dove of immense proportions has perched upon Martin Place: At its meeting today, the Board decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility.

Here’s a measure of just how dovish Australia’s interest rate circumstances are right now.

Via George Tharenou at UBS: The first RBA meeting of 2021 is going to be important The RBA Board is scheduled to hold its first meeting of the year on Tuesday (2 February).

Via Chris Joye at Coolabah Capital: While we are very bullish on Antipodean growth over the next 12 months, there is certainly a lot to be anxious about at present.

Via APRA banking stats for December.

Via Bill Evans at Westpac: Markets are closely scrutinising the next moves from the RBA.

Via the AFR: So should Reserve Bank boss Philip Lowe be getting ready to stage an intervention to thwart an imminent surge in house prices.

Via Gottiboff: First, Australia needs to recognise that it is not all China’s fault.

Via Cornerstone: Long-term Treasury yields have risen sharply since the beginning of the year, as we know.

Morgan Stanley thinks so: 1.

Via Bill Evans at Westpac: The Reserve Bank Board’s minutes for its December meeting emphasised that the Board is committed to substantial policy support for a considerable period.