RBA balance sheet – time to get bigger again?
Posted on 24 May 2010
It’s been a month or two since we looked at the RBA’s assets. Last time (for background see here and here) we asked what was the new normal operating level of RBA assets – if we had a view on this, then we could also speculate when the RBA was getting active in providing liquidity to the Australian markets.
Given recent movements we might have a volunteer. RBA assets first bottomed in the week of 20Jan10 – rose with the market selloff at the time – bottomed at a higher low in the week of 7Apr10 – and have been rising progressively as the market wobbles have set in. Hmm.
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