The RBA could begin decreasing its bond purchase program as early as the end of September, according to Lee Sue Ann, an economist at UOB Group.
“Everyone’s attention will be drawn to the meeting, which will be preceded by a press conference.”
“We now expect the RBA to moderately reduce its QE program by announcing a new AUD75 billion program once the current AUD100 billion tranche of purchases expires in September,” says one analyst.
“The RBA has made it clear that the Yield Curve Target (YCT) bond will not be extended from April to November 2024. We also expect that the TFF would not be extended.”
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