newsfilter.io

Andrew Boak

Showing 11 of 1 transcripts.

  1. Goldman Sachs12 min

    Australia’s Macro Outlook and Monetary Policy

    Andrew Boak, Liz

    Driven by near-eradication of virus transmission and massive fiscal stimulus, Australia's economy has rebounded to pre-COVID baselines, prompting Goldman Sachs to forecast 5% growth for 2021. The Reserve Bank of Australia has implemented Yield Curve Control to peg the 3-year bond yield at 0.1% until 2024, a strategy designed to support a housing market reflation that is expected to lift prices by 20% while maintaining ultra-dovish forward guidance. Despite some market skepticism regarding the policy's credibility, the RBA plans a gradual, natural unwind of the program paired with extended quantitative easing to avoid sudden financial disruption.