ANZ remarks on the Reserve Bank of Australia and monetary policy. In brief:

  • the RBA is not lifting the cash rate
  • this does not mean that monetary policy and financial conditions are static
  • The end to the TFF and yield target are flowing into fixed rate mortgages
  • is effectively a tightening
  • fixed mortgage rates are heading higher as market rates lift in response to higher inflation
ANZ remarks on the Reserve Bank of Australia and monetary policy. In brief: