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Showing 91 - 100 of 510 results for "Authorities"

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary authorities are splashing cash, printing money and throwing everything at their disposal to try to prevent the certainty of a global ...

Chief economist update: Water, water everywhere and not a fish to catch

BENJAMIN ONG  |  THURSDAY, 19 MAR 2020
... but not a drop to drink." "Water, water everywhere but not a fish to catch." In another context, monetary and fiscal authorities are now flooding the world with liquidity (cash) but government directives for social distancing and factory and business ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... earnings to hope for. Lockdowns and bans from social gatherings would negate the cash splurge from monetary and fiscal authorities. Citizens will have more money that they couldn't spend on and if they could, there's nothing to buy because of ...

Chief economist update: China leads the way

BENJAMIN ONG  |  TUESDAY, 17 MAR 2020
... to contain the coronavirus. It also applies to the bigger and bigger policy responses by central banks and fiscal authorities. Just as it's become tedious to keep track of the number of infections on a daily basis, it's become hard to keep tabs ...

Australia narrowly avoids 0.9% GDP blow: KPMG

ALLY SELBY  |  MONDAY, 16 MAR 2020
... behaviour," he said. "Sickness and temporary or permanent withdrawal from the workforce, added to measures from the authorities like work and school closures, limitations on movement of travel by the public and quarantine procedures will all reduce labour ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... Zealand deliver its own "emergency" rate cut - a 75 bps reduction in the official cash rate from 1.0% to 0.25%. Fiscal authorities have also been doing their bit. There was Trump's (see above) and China (previous to everybody else). There's the ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... of concerts and events, school, factory and office closures... generally, a general lockdown. Monetary and fiscal authorities have responded: The Reserve Bank of Australia (RBA) has cut interest rates by 25 bps earlier this month, taking the official ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
... panic buying toilet paper that we become oblivious to the counter-measures planned and already implemented by Chinese authorities and the on-going concerted action by central banks around the world. The RBA's recent rate cut (and promise of more ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... to the global economy comes. The coronavirus outbreak has brought that day upon us. Central banks (and government authorities) are engaged in a concerted/coordinated scrambling to mitigate the negative impact of the spreading disease on their respective ...

Chief economist update: The C word

BENJAMIN ONG  |  TUESDAY, 3 MAR 2020
... word - coronavirus or COVID-19, that is - under their face masks, it's hardly surprising that fiscal and monetary authorities are now fashioning their own "C" word response. "C" for concerted or coordinated action... take your pick. As Bloomberg ...