Nomura's Andrew Ticehurst on RBA Policy, Australian Dollar

The transcript discusses Australia's economic resilience during the pandemic and the potential impact of the Omicron variant. It explores market expectations versus the RBA's stance on monetary policy, projecting future rate hikes by the Fed and RBA. The analysis includes the Aussie dollar's trends, market volatility, and China's influence on Australian exports. Overall, the outlook for 2022 is positive, with expectations of above-potential growth.

What was the GDP change in Australia during Q3?

• Decreased by 1.9%

• Remained stable

• Increased by 2.5%

• Increased by 1.9%

What is the main reason for the gap between market expectations and the RBA's stance?

• Unemployment rates

• Inflation rates

• Global economic conditions

• RBA's language and guidance

When is the Fed expected to complete its QE program?

• By mid-March next year

• By the end of this year

• By mid-June next year

• By the end of next year

When is the RBA's first rate hike expected?

• September

• November

• August

• December

What could negatively impact the Australian dollar according to the transcript?

• Strong Australian economy

• Increased market volatility

• Stable S&P 500

• Weak US dollar

What is expected to support the Australian economy in the longer term?

• Rising unemployment

• China's economic policies

• Declining natural resources

• Decreasing consumer savings

What is Australia's reputation according to the transcript?

• The unlucky country

• The lucky country

• The resource-poor country

• The economically unstable country