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Showing 11 - 20 of 63 results for "Carney"

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... said this figure is not as shocking as it first seems, comparing it to the US$320 billion Bank of England governor Mark Carney estimated in 2017 for the global cost of misconduct for banks post Global Financial Crisis. "Our interim tally of $10 billion ...

Chief economist update: Brexit la la la

BENJAMIN ONG  |  FRIDAY, 8 NOV 2019
... and the rest of the world are not holding their collective oxygen intake. However, Bank of England (BOE) governor Mark Carney have changed his tune. If memory serves me right, Carney warned about the increased likelihood that the UK would leave the EU ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... bias. In his speech at the Local Government Association Annual Conference and Exhibition in Bournemouth, BOE governor Mark Carney declared that: "For now, a global trade war and a No Deal Brexit remain growing possibilities not certainties. Monetary ...

Chief economist update: BOE going the wrong way?

BENJAMIN ONG  |  TUESDAY, 11 JUN 2019
Mexico (and the world) is breathing a sigh of relief after Trump's tweet "indefinitely" suspending his tariff threat against America's southern neighbour. But POTUS being Trump, he's exploited this "win" to issue fresh tariff threats versus ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
... Brexit's future remains uncertain as to whether the UK will leave the EU with a deal or none. Just ask BOE governor Mark Carney. In an interview with Sky News, Carney said: "The Government... is against no deal, the European Union is against no deal ...

Chief economist update: A capitalist in communist clothes

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2019
... slowing Australian economy that, ultimately, could become a self-fulfilling prophecy. That, or like the BOE's Mark Carney, the RBA is delaying action until the political backdrop becomes clearer. There's Brexit in the UK, while Australia is bracing ...

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
... Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on the 2nd of August, BOE governor Mark Carney was quoted as saying, "The mistake is to always wait, wait, wait until you have perfect certainty" before acting on policy. ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
... Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on August 2, BOE governor Mark Carney was quoted as saying: "The mistake is to always wait, wait, wait until you have perfect certainty," before acting on policy. ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
If all goes according to expectations, today's Reserve Bank of Australia (RBA) Board meeting will mark one-month and two years (25 months) that the country's cash rate had been stuck at a record low 1.50%, and the longest stretch of unchanged ...

Chief economist update: Heaven can wait but the BOE couldn't

BENJAMIN ONG  |  FRIDAY, 3 AUG 2018
"The mistake is to always wait, wait, wait until you have perfect certainty." - Bank of England Governor Mark Carney The Bank of England (BOE) finally went ahead and did it. It lifted the Bank Rate by 25 basis points to 0.75% at the conclusion of its ...