RBA's Kent says will raise new OMO repo rate by 5bp to 10bp above cash rate target ...0

he is speaking on: "The RBA’s Monetary Policy Implementation System – Some Important Updates"at the KangaNews Debt Capital Market Summit, Sydney

Outlines some changes to repo rates, but assures us that the changes have no implications for the stance of the bank's monetary policy

Kent:

To increase the price of all new Omo Repos by 5 basis points to 10 basis points over the cash rate target To introduce a seven-day term, in addition to the existing 28-day term, at each weekly Omo effective from April 9 Changes have no implications for the stance of monetary policy

The RBA buys government securities (or accepts them as collateral) from a bank today.

The difference between the sale and repurchase prices implies an interest rate.

This injects temporary liquidity into the system (the bank gets cash), and the RBA later withdraws it when the repo matures.

This article was written by Eamonn Sheridan at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( RBA's Kent says will raise new OMO repo rate by 5bp to 10bp above cash rate target )

Also on site :

• Taylor Swift Subtly Supports Kylie Kelce After Birth of Baby
• Jason Kelce's Comment About Baby Daughter Leaves Fans Saying the Same Thing
• Kristin Cavallari Turns Heads in Tiny Bikini with Six-Pack on Display