The Reserve Bank of Australia’s Kent has been speaking with comments trickling through.
RBA’s Kent: Expansion of balance sheet adding monetary stimulus
The latest round of comments has been more prominent in terms of the currency market due to the easing bias and rhetoric.
In the latest round of comments, Kent has confirmed that there is some room to cut cash rate further, although he said that they cannot speculate on details of easing.
However, he said that one option is to buy longer-dated bonds, while they would bond be regular and aimed to bring down yields
He stressed that the board is considering case for further easing although explained that the RBA has not conducted a formal policy framework review.
AUD/USD technical analysis
-637387476829630057.png)
More to come…
Meanwhile, the market is getting set for the next major event for AUD today:
When are the RBA minutes and how might they affect AUD/USD?
Share
