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I just don't understand the thinking at the RBA.
As pointed out, they are adamant that they will not need to be raising interest rates until 2024.
The market has twice tested their resolve, and both times they have caved.
Last Friday they stepped in not once, but twice into the market to buy bonds to keep the yield around their target rate.
And yet on Wednesday and Yesterday again, when the market tested their resolve, they did not step into the market to support their yield curve, and it shot up 0.5 from their preferred 0.15.
So what has changed??
Have they run out of money (ha ha)?
Are they telegraphing a rate hike come Tuesday?
Did the Federal Government (Scomo) lean on them?
Did they just get cold feet?
Did the Murdoch Press ring the RBA and tell em to back off?
Or are they just as clueless as everyone else?
Mick

<blockquote data-quote="mullokintyre" data-source="post: 1144401" data-attributes="member: 82018">I just don&#039;t understand the thinking at the RBA.As pointed out, they are adamant that they will not need to be raising interest rates until 2024.The market has twice tested their resolve, and both times they have caved.Last Friday they stepped in not once, but twice&nbsp; into the market to buy bonds to keep the yield around their target rate.And yet on Wednesday and Yesterday again, when the market tested their resolve, they did not step into the market to support their yield curve, and it shot up 0.5 from their preferred 0.15.So what has changed??Have they run out of money (ha ha)?Are they telegraphing a rate hike come Tuesday?Did the Federal Government (Scomo) lean on them?Did they just get cold feet?Did the Murdoch Press ring the RBA and tell em to back off?Or are they just as clueless as everyone else?Mick</blockquote>

[QUOTE="mullokintyre, post: 1144401, member: 82018"] I just don't understand the thinking at the RBA. As pointed out, they are adamant that they will not need to be raising interest rates until 2024. The market has twice tested their resolve, and both times they have caved. Last Friday they stepped in not once, but twice into the market to buy bonds to keep the yield around their target rate. And yet on Wednesday and Yesterday again, when the market tested their resolve, they did not step into the market to support their yield curve, and it shot up 0.5 from their preferred 0.15. So what has changed?? Have they run out of money (ha ha)? Are they telegraphing a rate hike come Tuesday? Did the Federal Government (Scomo) lean on them? Did they just get cold feet? Did the Murdoch Press ring the RBA and tell em to back off? Or are they just as clueless as everyone else? Mick [/QUOTE]

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