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Showing 1 - 10 of 10 results for "August Monetary"

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... risks to the growth outlook remain" and stated, "Our projection for the New Zealand economy, as detailed in the August Monetary Policy Statement, is little changed." The RBNZ predicts GDP growth of 2.7% this year and 2.6% in 2019 before accelerating ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... markets are betting that the next move in the OCR could be down rather than up. This is because as printed in the August Monetary Policy Statement: "The decline in GDP growth over the past year suggests momentum in the economy may have eased." Factset ...

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

BENJAMIN ONG  |  FRIDAY, 3 AUG 2018
... (BOE) finally went ahead and did it. It lifted the Bank Rate by 25 basis points to 0.75% at the conclusion of its August Monetary Policy Council (MPC) meeting. To be sure, the British central bank had been itching to do so back in May. Despite the slowdown ...

India's upside risks

BENJAMIN ONG  |  TUESDAY, 10 OCT 2017
... expected the move and followed the RBI's 25 basis point reductions in the repo and reverse repo rates at its 2 August monetary policy committee (MPC) meeting. Not surprisingly, the RBI admitted that the introduction of the GST in July have had a negative ...

Who's afraid of North Korea? Not the South Koreans

BENJAMIN ONG  |  TUESDAY, 5 SEP 2017
... opening of 2026.16 points and hitting a record high 2451.33 points on 24 July this year. The clincher: in its 31 August monetary policy statement - where it kept interest rates unchanged for the 12 straight meeting at a record low 1.25% - the Bank of ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
... the reverse repo rate to 5.75% (reversing the 25 bps hike announced only four months before) - following its 2 August Monetary policy committee (MPC) meeting. Financial markets widely expected the decision given India's deteriorating growth and inflation ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 19 AUG 2016
... effective exchange rate remains 3.0% lower). Expect further gains in retail spending as the Bank of England's 2 August monetary policy easing works its way into the economy.

No drama at the RBA

BENJAMIN ONG  |  TUESDAY, 2 SEP 2014
... when they met earlier that month, it's on the boil again today. Here are a few selected quotes from the RBA's August Monetary Policy Statement: "Australia's trading partner growth is forecast to be a little above its long-run average in 2014 and 2015. ...

More worries for US financials

BENJAMIN ONG  |  TUESDAY, 19 AUG 2008
... will focus on the Bank of Japan's decision on interest rates and the minute of the Reserve Bank of Australia's August monetary policy meeting. Markets expect the Japanese central bank to keep interest rates steady at 0.5 percent and ignore high inflation ...

Watching the US$ and commodities

BENJAMIN ONG  |  MONDAY, 18 AUG 2008
... Eurozone economy into a technical recession. In the UK, financial markets will be interested in the minutes of the August Monetary Policy Committee meeting of the Bank of England for clues on future interest rate direction. While markets expect the minutes ...
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