# RBA says Australian money markets remain orderly as reserves decline

> Deputy Governor Andrew Hauser said the Reserve Bank has not yet reached its ample-reserves threshold and has seen no short-rate friction. He put reserves at about A$200 billion, compared with estimated system needs of A$70–100 billion.

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- Section: Finance
- Country: Australia
- Published: 2026-10-21T19:51:53+00:00
- Updated: 2026-10-21T19:51:53+00:00
- Event / data period: 2026-10-21
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Reserve Bank of Australia Deputy Governor Andrew Hauser said money markets remained orderly as the central bank’s balance sheet ran down, with no short-term rate friction so far. Speaking at a Sydney investment conference on 21 October, he said demand in the bank’s open market operations was low and private repo rates were below the rates offered through those operations.

Hauser estimated that reserves stood at about A$200 billion while the market estimated system needs at A$70–100 billion, and said the RBA was not yet near its ample-reserves point. He contrasted Australia with other countries that had experienced short-rate spikes as central bank balance sheets shrank. He also said the RBA had announced additions to its toolkit, including a term repo facility it hoped to introduce in 2027.

## Data

### Source event

Timeline entry for the speech and related remarks.

Methodology: Date and details transcribed from the Reserve Bank of Australia transcript; no additional values calculated.

| date | label | description | status |
|---|---|---|---|
| 2026-10-21 | Hauser remarks at Sydney investment conference | The RBA Deputy Governor discussed reserve supply, open market operations and short-term money-market conditions. | occurred |

Sources: <https://www.rba.gov.au/speeches/2026/sp-dg-2026-10-21.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/rba-hauser-says-money-markets-orderly-as-reserves-decline-2026/data/source-event?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/rba-hauser-says-money-markets-orderly-as-reserves-decline-2026/data/source-event?lang=en&format=csv)

## Sources

- [Reserve Bank of Australia](<https://www.rba.gov.au/speeches/2026/sp-dg-2026-10-21.html>) (Source checked: 2026-10-21; Published: 2026-10-21)

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