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Showing 1 - 10 of 58 results for "Bill Evan"

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...

Chief economist update: October rate cut?

BENJAMIN ONG  |  THURSDAY, 24 SEP 2020
Will they? Won't they? According to Bill, the RBA will. That's Westpac chief economist Bill Evans for you. Bill released a note a day after RBA deputy governor Guy Debelle addressed the Australian Industry Group's (AiG) September 22 virtual ...

Chief economist update: Australian pessimism eases

BENJAMIN ONG  |  THURSDAY, 10 SEP 2020
Just in time for the Southern Hemisphere spring season, latest surveys showed both business and consumer confidence in Australia springing back up. The NAB business confidence index improved to a reading of -8 points in August from -14 in the previous ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
The current market corrections caused by the COVID-19 pandemic and subsequent shutdowns have sparked warnings from some not to forget the lessons of 2008 - especially, don't underestimate mortgage defaults. Thomas J. Barrack, a US private equity ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
Mission accomplished! This appears to be the Fed's latest missive at the conclusion of its 10-11 December FOMC meeting - after three 25 bps cuts - in July, September and October - that took the fed funds rate from 2.5% to 1.75%. Fed chair Jerome ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
"The heat is on, the heat is on, the heat is on Oh it's on the street, the heat is on..." - Glenn Frey Oh yes, Virginia, the Reserve Bank better deliver a cut in interest rates when its board meets next week (June 4) or there'll be a lot of ...

Chief economist update: Wrong way, go down

BENJAMIN ONG  |  THURSDAY, 28 FEB 2019
The A$/US$ exchange rate is, according to my Bloomberg screen, currently trading at US$0.7141, up 0.04% from the previous trading day and up 1.3% this year to date. In turn, Bloomberg's US dollar spot index has risen 0.14% overnight and is just ...

Chief economist update: Nerves of steel

BENJAMIN ONG  |  FRIDAY, 22 FEB 2019
Could it be? Could it be that Westpac's chief economist Bill Evans has just gotten one up on me? Nah Virginia, me don't want to "kill Bill", we economists may not see eye to eye but we stick together. More so that Bill's come around to my ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
"Our tightenings or loosenings of monetary policy are determined by the inflation outlook. If the economy wants to grow faster than it currently is, and inflation is not showing any tendency to rise to the point where it could threaten our medium-term ...
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