Search ResultsShowing 1 - 10 of 100+ results for Benjamin Ong
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 ...
Chief economist update: Cut it, cut it now
BENJAMIN ONG  |  THURSDAY, 21 FEB 2019
What's the time Mr Wolf? It's time to go Philip! It's time for RBA governor Philip Lowe to go and cut interest rates. Perhaps impatience may have gotten the better of me for it's only been two weeks since the Australian central bank ...
Chief economist update: BOJ exit last year, BOJ easing this year
BENJAMIN ONG  |  WEDNESDAY, 20 FEB 2019
Japanese officials and investors must be wiping the sweats from their foreheads after the Cabinet Office released its latest National Accounts report and showed the country dodged a recession. Japanese GDP grew 0.3% in the December 2018 quarter ...
Chief economist update: Where sentiment goes, there too is spending
BENJAMIN ONG  |  MONDAY, 18 FEB 2019
The University of Michigan's latest update on consumer confidence indicates that there's hope still for household spending. Recall the reported big drop in US retail spending (down 1.2% in the month of December) that I penned is consistent ...
Chief economist update: Is the US about to join the global slowdown club?
BENJAMIN ONG  |  FRIDAY, 15 FEB 2019
US consumers aren't shopping till they drop. They dropped spending. The US Census Bureau's latest update on retail spending - which constitutes the bulk of household spending that, in turn, accounts for about 70% of the US economy - showed ...
Chief economist update: Unchanged RBNZ stance would force it to change stance
BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
"Despite the weaker global impetus, we expect low interest rates and government spending to support a pick-up in New Zealand's GDP growth over 2019. Low interest rates, and continued employment growth, should support household spending and ...
Chief economist update: UK economy slows on Brexit woes
BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
When the Bank of England (BOE) decided to keep monetary policy settings unchanged following its February 7 monetary policy committee meeting, it acknowledged in its statement that: "UK economic growth slowed in late 2018 and appears to have ...
Chief economist update: A pretty portrait of an emerging market
BENJAMIN ONG  |  MONDAY, 11 FEB 2019
Citing Sean Taylor - DWS chief investment officer for Asia Pacific and head of emerging market equities - Financial Standard editor, Darren Snyder, penned a report titled, "Asia, emerging markets to lead in 2019" last week. "Speaking at the ...
Chief economist update: Euro contagion redux?
BENJAMIN ONG  |  FRIDAY, 8 FEB 2019
"Growth rates for many of the euro area economies have been marked up, especially for Germany, Italy, and the Netherlands, reflecting the stronger momentum in domestic demand and higher external demand. Growth in Spain, which has been well above ...
Chief economist update: The RBA capitulates
BENJAMIN ONG  |  THURSDAY, 7 FEB 2019
N-E-U-T-R-A-L! It was a hard slog swimming against the tide, but this space has finally been vindicated by RBA Governor Philip Lowe's change of heart with regards to guidance on Australian monetary policy. The next move in "interest rates is ...
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