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Showing 91 - 100 of 342 results for "official cash rate"

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... because rising Fed rate cut expectations have nullified its back-to-back 25 bps reduction (June and July) in the official cash rate to a record low 1%. Consequently, instead of depreciating, the A$/US exchange rate strengthened from US$0.6928 (a day ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... good either - so much so the Reserve Bank of Australia (RBA) has had to deliver back-to-back reductions in the official cash rate from 1.5% to 1.25% (in June) and to 1.0% (in July), with financial markets expecting at least one more rate reduction going ...

HUB24 defends cash accounts

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
... clients of its competitor Netwealth, will earn negative returns on cash investments after the RBA lowered the official cash rate to 1%. "In the wake of the revelations in the Hayne Royal Commission about exorbitant fees being charged on financial services ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon after it cut the official cash rate a month before. In two months' time, the official cash rate has dropped from a record low of 1.5% to a deeper low of ...

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...

Chief economist update: Australian bull market here we come

BENJAMIN ONG  |  THURSDAY, 13 JUN 2019
... recent impetus has undoubtedly been triggered by the Reserve Bank of Australia's (RBA) decision to cut the official cash rate to a new record low of 1.25% on the June 4... plus, expectations for at least one more rate reduction this year. But is ...

Chief economist update: The path of monetary policy according to Lowe

BENJAMIN ONG  |  WEDNESDAY, 5 JUN 2019
"Toto, we're not in Kansas anymore." The Reserve Bank of Australia's (RBA) decision to cut the official cash rate to a fresh record low of 1.25% takes the country's monetary policy into uncharted waters. More uncharted it would be if JP ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
... Bank of Australia governor Philip Lowe is set to be remembered in history as the man who took Australia's official cash rate from a historic low of 1.5% - set under Glen Stevens one month before he stepped down as RBA head honcho in September 2016 ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... to NONE. Financial Standard was also the first to prescribe that, based on the Taylor Rule, Australia's official cash rate should be 1% - two rate cuts - on February 6; three months before the RBA acknowledged the same in RBA governor Philip Lowe's ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... bound to improve and/or stop deteriorating. Let us count the ways. The near-certainty of the RBA cutting the official cash rate to a new all-time low of 1.25% in June has already delivered dividends in the form of the Australian dollar's depreciation ...