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Showing 91 - 100 of 384 results for %22Official Monetary%22

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  THURSDAY, 31 JAN 2019
... altering the size and composition of its balance sheet, if future economic conditions were to warrant a more accommodative monetary policy than can be achieved solely by reducing the federal funds rate." Just when I thought that old Wall Street rule ...

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... respective monetary policies on ice. The same expectations go for the Reserve Bank of Australia (RBA) - it would keep the official cash rate at a record low 1.5% steady in 2019 before lifting them in 2020 (if at all). The recent decline in crude oil ...

Chief economist update: A prelude to a rate cut?

BENJAMIN ONG  |  FRIDAY, 7 DEC 2018
... by the rule in calculating the "appropriate level" of nominal interest rates in Australia, the Taylor Rule says, the official cash rate should be at 1.375%.

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
... be consistent with sustainable growth in the economy and achieving the inflation target over time." The RBA kept the official interest rate unchanged at 1.5% that time - as it had in each of its previous monthly meetings since it dropped them by 25 basis ...

Chief economist update: Thanks for nothing

BENJAMIN ONG  |  WEDNESDAY, 21 NOV 2018
... rate and earn 2.25% (currently) than in euros (0% repo rate) or the yen (-0.1% discount rate) or even Australia (1.5% official cash rate). However, the Fed's one-eyed focus on growth is increasing the risk of a policy mistake. More so, because gangbusting ...

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... that will take the fed funds rate up to 3.4% by then. On the other hand, the Reserve Bank of New Zealand (RBNZ) kept the official cash rate unchanged at 1.75% -- where it had been since November 2016. Not only that, RBNZ governor Adrian Orr said in his ...

Chief economist update: Turkey's roasted

BENJAMIN ONG  |  MONDAY, 13 AUG 2018
... Erdogan's erroneous economic thinking - that high interest rates cause inflation - and his pledge to take greater of monetary policy if he wins re-election at the June 24 poll. He was re-elected, and dive deeper the lira went. The TCMB has already ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... other central banks saying "the risks are evenly balanced" - but Governor Adrian Orr's clarification that the current official cash rate (OCR) of 1.75 would remain "at this level through 2019 and into 2020" sparked a sell-off in the New Zealand dollar. ...

Chief economist update: Steady at 24 and counting

BENJAMIN ONG  |  WEDNESDAY, 4 JUL 2018
The Reserve Bank of Australia (RBA) didn't disappoint when it kept the official cash rate unchanged at a record low 1.5% following its 3 July board meeting. It has been 24 months now - the longest in recent history - that the official cash rate ...

Cryptocurrencies on radar but not priority: RBA

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
... usage in Australia is currently not large enough to raise policy concerns for the Reserve Bank of Australia (RBA), an official from the central bank said in Sydney yesterday. The Reserve Bank has closely followed developments in the crypto sphere for ...