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Showing 1071 - 1080 of 3600 results for "Central"

Chief economist update: The (trade) war is back on

BENJAMIN ONG  |  MONDAY, 13 MAY 2019
... According to news and intelligence provider MNI, Sun Guofeng - head of the PBOC monetary policy department - declared: "The central bank will make good use of structural tools, including targeted medium-term lending facility and rediscounting, to guide ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... mid-point; and support maximum sustainable employment." This is more or less the mandate targeted by every other major central bank around the world, including New Zealand's next door neighbour, Australia. But while the Reserve Bank of Australia ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
... 2019 becomes 2020, let's dissect RBA Governor Philip Lowe's statement that explained the May decision and the central bank's forward guidance. After acknowledging in its April meeting that "the GDP data paints a softer picture of the economy ...

Chief economist update: Not spring yet in the Eurozone

BENJAMIN ONG  |  MONDAY, 6 MAY 2019
... fastest rate in six months. One swallow does not a spring make but two swallows? These would certainly give the European Central Bank (ECB) some sort of reprieve - a temporary reprieve. For while these topline indicators - GDP and inflation - have improved ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... at present, and the unemployment rate higher. International developments? The U-turn towards easier policy among world central banks is starting to regenerate global growth momentum. Not to mention, the peace dividend that a US-China trade deal brings. ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... applied for an extended public offer license to the Australian Prudential Regulatory Authority. The EPO license, which is central to the joint venture with $9.7 billion Catholic Super, permits it to be the trustee of more than one fund. "We think this ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
... give or take, back in the grim old days from the 1950s to the late 1980s are no more. Back then the monetarists ruled and central banks were able to tame inflation, leading to what we now see as the great moderation of the 1990s. This has lingered and ...

IOOF breaches APRA licence conditions

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... conditions. The firm said its approach to the OST had been to design the function "in a considered manner, with member outcomes central to its design and maintenance." The prudential regulator said it informed the three entities it is considering to ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... it's now at 5%, although wages growth have only picked up from 2.1% (then) to 2.3% (Dec 2018 quarter latest available). Central banks around the world have used the mantra, "we need to raise interest rates now to avoid lifting rates by more in the ...

Chief economist update: China is back on track

BENJAMIN ONG  |  TUESDAY, 23 APR 2019
... no longer mentioned "stabilising employment, finance, trade, foreign investment, investment and expectations". Instead, central government is shifting its focus back to "reform and opening up" and "restructure" - of the economy - one of America's ...