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Showing 71 - 80 of 326 results for "official cash rate"

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... all these uncertainties together (and Murphy's Law and Trump), it wouldn't be surprising to see the official cash rate at or near zero per cent next year. A bit extreme perhaps, but this time last year no one expected the Fed to cut interest ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... first round of rate cuts from 1.5% to 1.25%. It immediately followed with another cut in July, slashing the official cash rate to 1%. The Council on the Ageing chief executive Ian Yates said reductions in the cash rate have impacted the interest paid ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
... structures, equipment and more importantly, staff that'll lead to higher unemployment, consumer pessimism... Zero official cash rate here we come. However, note that monetary policy operates with a lag. In Australia, it takes about 12-18 months changes ...

Chief economist update: Hard target

BENJAMIN ONG  |  WEDNESDAY, 10 JUL 2019
... reason for optimism and justifies the central bank's follow-up rate 25 bps rate cut in July, that took the official cash rate to a new all-time low of 1.0%. NAB's 'Key Messages from the Survey' says it all: "Overall, the survey results ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... because rising Fed rate cut expectations have nullified its back-to-back 25 bps reduction (June and July) in the official cash rate to a record low 1%. Consequently, instead of depreciating, the A$/US exchange rate strengthened from US$0.6928 (a day ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... good either - so much so the Reserve Bank of Australia (RBA) has had to deliver back-to-back reductions in the official cash rate from 1.5% to 1.25% (in June) and to 1.0% (in July), with financial markets expecting at least one more rate reduction going ...

HUB24 defends cash accounts

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
... clients of its competitor Netwealth, will earn negative returns on cash investments after the RBA lowered the official cash rate to 1%. "In the wake of the revelations in the Hayne Royal Commission about exorbitant fees being charged on financial services ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon after it cut the official cash rate a month before. In two months' time, the official cash rate has dropped from a record low of 1.5% to a deeper low of ...

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...

Chief economist update: Australian bull market here we come

BENJAMIN ONG  |  THURSDAY, 13 JUN 2019
... recent impetus has undoubtedly been triggered by the Reserve Bank of Australia's (RBA) decision to cut the official cash rate to a new record low of 1.25% on the June 4... plus, expectations for at least one more rate reduction this year. But is ...