{"id":99455,"date":"2024-04-02T02:50:00","date_gmt":"2024-04-01T22:50:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=99455"},"modified":"2024-04-02T03:53:18","modified_gmt":"2024-04-01T23:53:18","slug":"rbas-kent-no-change-to-current-rundown-of-balance-sheet","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/rbas-kent-no-change-to-current-rundown-of-balance-sheet\/04\/02\/market-updates\/","title":{"rendered":"RBA&#8217;s Kent: No change to current rundown of balance sheet"},"content":{"rendered":"\n<p>Assistant Governor Christopher Kent of the Reserve Bank of Australia stated on Monday that retaining bonds till maturity has no effect on the present balance sheet breakdown. At the time of writing, the AUD\/USD pair is trading at 0.6490, up 0.02% on the day.<br><br><strong>Key Quotes<br><\/strong><br>&#8220;The outlook for inflation and monetary policy is uncertain.&#8221;<br><br>\u201cRBA to adopt an ample reserves system for monetary policy.\u201d<br><br>\u201cTo use open market repo operations at a price near the cash rate target.\u201d<br><br>\u201cTo offer repos in full allotment auctions.\u201d<br><br>\u201cSupply of reserves can rise and fall in line with changes in demand.\u201d<br><br>\u201cRBA could also supply reserves via purchases of short-dated government bonds and\/or fx swaps.\u201d<br><br>\u201cCan respond to market stresses if needed, including by conducting OMO more frequently than once a week.\u201d<br><br>\u201cWill end the current \u2018floor\u2019 system with an excess of reserves.\u201d<br><br>\u201cRBA\u2019s balance sheet will be no larger than needs to be in order to implement monetary policy.\u201d<br><br>\u201cNo change to current rundown of balance sheet by holding bonds to maturity.\u201d<br><br>\u201cPublic consultation and liaison with market participants will commence shortly.\u201d<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assistant Governor Christopher Kent of the Reserve Bank of Australia stated on Monday that retaining bonds till maturity has no effect on the present balance sheet breakdown. At the time of writing, the AUD\/USD pair is trading at 0.6490, up 0.02% on the day.Key Quotes&#8220;The outlook for inflation and monetary policy is uncertain.&#8221;\u201cRBA to adopt &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7063,10999,6987,7580,7035],"class_list":["post-99455","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-christopher-kent","tag-inflation","tag-monetary-policy","tag-rba"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=99455"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99455\/revisions"}],"predecessor-version":[{"id":99465,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99455\/revisions\/99465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52068"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=99455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=99455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=99455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}