Chief economist update: Global easingBY BENJAMIN ONG | TUESDAY, 13 AUG 2019 10:29AM
The Reserve Bank of Australia would have to fight rate cuts with rate cuts if it is to preserve the Australian dollar's competitiveness and mitigate the headwinds from a slowing global economy ... even if it means taking the official cash rate to zero.Read more: BOJ, Fed, BOE, QE, Reuters, Abe, Australian House of Representatives, Bank of England, Bank of Japan, Bank of Thailand, Bank Rate, Brexit, Committee, Economics, European Central Bank, Financial Standard, Italy, Philip Lowe, Read Governor Lowe, Reserve Bank of Australia, Reserve Bank of India, Reserve Bank of New Zealand, September of, Serbia, South Korea, TLTRO III, Tokyo, Trump, UK, US Federal Reserve
While there may be uncertainty surrounding the economic implications of the spreading COVID-19 pandemic, one thing is clear; if business leaders are not consistent, empathetic and clear with their response, they should prepare to face the music.
The government's $213 billion stimulus package is set to push up the country's total debt but experts say it is not reason enough to draw down on the sovereign wealth fund.
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
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