RBA monetary meeting Tuesday 4 May 2021 – preview snippets

The Reserve Bank of Australia statement is due at 0430 GMT. Earlier previews:

A couple of quick comments from around the place …

NAB:

  • We expect no change to rates or guidance in the RBA post-Meeting
    Statement
  • SoMP release on Friday … today’s Statement is likely to give us a flavour in terms
    of what to expect from the new RBA forecasts …  RBA’s forecast track for the economy will have to be upgraded in
    the SoMP

Standard Chartered

  • We expect the RBA to keep policy rates on hold
  • RBA is likely to maintain accommodative monetary policy throughout 2021-22; extend QE further after the current extension ends in August (by AUD100 B at its current purchase pace of AUD5 B/week); and keep the policy cash rate and 3Y yield curve target of 0.10% unchanged. It is also likely to maintain the April 2024 bond as the target bond in 2021.
The Reserve Bank of Australia statement is due at 0430 GMT. Earlier previews:

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