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Showing 81 - 90 of 326 results for "Official Cash Rate"

Chief economist update: The path of monetary policy according to Lowe

BENJAMIN ONG  |  WEDNESDAY, 5 JUN 2019
"Toto, we're not in Kansas anymore." The Reserve Bank of Australia's (RBA) decision to cut the official cash rate to a fresh record low of 1.25% takes the country's monetary policy into uncharted waters. More uncharted it would be if JP ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
... Bank of Australia governor Philip Lowe is set to be remembered in history as the man who took Australia's official cash rate from a historic low of 1.5% - set under Glen Stevens one month before he stepped down as RBA head honcho in September 2016 ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... to NONE. Financial Standard was also the first to prescribe that, based on the Taylor Rule, Australia's official cash rate should be 1% - two rate cuts - on February 6; three months before the RBA acknowledged the same in RBA governor Philip Lowe's ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... bound to improve and/or stop deteriorating. Let us count the ways. The near-certainty of the RBA cutting the official cash rate to a new all-time low of 1.25% in June has already delivered dividends in the form of the Australian dollar's depreciation ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... printed statement, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr verbally delivered the news that: "The Official Cash Rate (OCR) has been reduced to 1.5%." "The Monetary Policy Committee decided a lower OCR is necessary to support the outlook ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
... would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its policy bias at NEUTRAL. We're not so surprised. Financial ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... lane shows that the country's inflation measures were virtually at these levels when the RBA last cut the official cash rate (from 1.75% to 1.50%) in August 2016. The June quarter CPI figures (available pre-RBA 2016 rate cut) were: headline at 1% ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
... differentials don't explain this. Short-term interest rates remain as they were at the end of 2018 - the RBA's official cash rate is 1.5% and the Fed funds rate at 2.25%-2.5%. The status quo is also preserved with regards to interest expectations. ...

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
The Australian economy has slowed - big time. The Australian Bureau of Statistics' (ABS) National Accounts report showed that GDP grew by a mere 0.2% in the December 2018 quarter from 0.3% in the previous three-month period, taking the annual growth ...

Chief economist update: A capitalist in communist clothes

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2019
... (RBA) did nothing to monetary policy after the conclusion of its second board meeting this year. It kept the official cash rate at a record low, predicated on the same rationale it put forth at its February 2019 meeting. The RBA's move is understandable ...