The Week That Will Be (31st October 2021)

1. The RBA (Tuesday)
The Spanx have pinged off. The RBA's Yield Curve Control policy has gone missing in action, with last week's broad bond market sell-off seeing the April 2024 Australian Government Bond trading at 0.75%, rather than the RBA's 0.10% target. Their silence on the matter must surely be addressed at their meeting on Tuesday but their failure to respond thus far leaves them flailing in the wake of the market. This is a dangerous moment. Credibility is a central bank's most powerful tool, but also its . . .

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