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Category Archives: Banks
Financial Stability and Mortgage dynamics
My argument for a May rate cut by the RBA basically boils down to the observation that inflation is very low and that there’s no financial stability reason not to cut — plus the judgement that the very low pace … Continue reading
Posted in AUD, Banks, Housing, monetary policy, RBA, Uncategorized
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The regulatory bond-bid (+ bank funding)
In my recent post regarding central bank balance sheet operations and bond market term premium (see how QE works), there’s a rather large unexplained divergence between model and reality in the most recent period. A reason for this may be the … Continue reading
