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Showing 61 - 70 of 326 results for "Official Cash Rate"

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... the Reserve Bank of Australia (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic macro-economic fundamentals, it finds ...

Chief economist update: RBA cuts official cash rate to 0.75%

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
This will be the headline flashing on your screens at around 230 in the afternoon of Tuesday, October 1, after the Reserve Bank of Australia (RBA) concludes its scheduled board meeting. In his address to the Armidale Business Chamber, RBA governor Philip ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
Sub-one percent official cash rate here we come! The Australian dollar's near half a cent drop to US$67.84 on the day immediately following the US Federal Reserve's announced a 25 bp cut in the fed funds rate underscores financial markets' ...

Chief economist update: 'Paradox of Thrift' in action

BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
... is in tandem with the Reserve Bank of Australia's (RBA) series of interest rate reductions that took the official cash rate from a high of 7.25% in 2008 to 3% by May 2009. It worked! Australia was spared from the recession our peers had and that ...

Chief economist update: Economy slows to decade low but still tops the pops

BENJAMIN ONG  |  THURSDAY, 5 SEP 2019
... strengthen household spending going forward. I for investment. Reduced borrowing costs for businesses (lower official cash rate) could encourage increased capital expenditure - evident in the 14.9% increase in capex intentions for 2019/20 in estimate ...

Chief economist update: RBA not risking market disappointment

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2019
As widely expected, the Reserve Bank of Australia (RBA) kept the official cash rate unchanged at 1.0% at its September meeting. Operative phrase: "as widely expected". You, I and Irene can wax pedantic about some changes in RBA governor Philip Lowe's ...

Chief economist update: The budget surplus can wait

BENJAMIN ONG  |  FRIDAY, 30 AUG 2019
... private borrowing and therefore, lift interest rates - doesn't apply to the current environment" where the official cash rate is heading to zero. Australian total private new capex fell by 0.5% in the second quarter following a 1.3% decline in the ...

Boutique launches new fund

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... Yield Fund, which launched on August 1, aims to provide investors with a return of 4% per annum above the RBA official cash rate. The fund typically allocates to cash, fixed income-type securities, and trusts investing in direct property or mortgages ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... dollar's competitiveness and mitigate the headwinds from a slowing global economy... even if it means taking the official cash rate to zero.

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This is bigger than market expectations for a 25 bps reduction ...