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Showing 101 - 110 of 223 results for "RBA Governor"

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... of better-than-expected employment data sealed the November 5 rate cut coffin, with the last nail hammered in by RBA governor Philip Lowe's statement at the International Monetary Fund (IMF) forum in Washington about his optimism over the domestic ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
"Pessimism becomes a self-fulfilling prophecy; it reproduces itself by crippling our willingness to act." - Howard Zinn Taken after the Reserve Bank of Australia's (RBA) third interest rate reduction this year which brought the official cash rate ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
He said, he said. This must be a thing now. Just as US President Trump and his central bank governor Jerome Powell don't see eye to eye with the conduct of government and monetary policies, there is no meeting of the minds between Australian Prime ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... But enough of shoulda, woulda, coulda. It's all water under the bridge. The road ahead is what matters more. As RBA Governor Lowe explained, "The Board took the decision to lower interest rates further today to support employment and income growth ...

Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... spend, even if interest rates were cut down to zero or even if you pay them (negative interest rates) to borrow. RBA governor Philip Lowe acknowledged as much in his recent address to the Armidale Business Chamber, "monetary policy has become less effective ...

Chief economist update: RBA cuts official cash rate to 0.75%

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
... Reserve Bank of Australia (RBA) concludes its scheduled board meeting. In his address to the Armidale Business Chamber, RBA governor Philip Lowe practically confirmed widespread market expectations that this would come to pass. "At our board meeting ...

Chief economist update: RBA not risking market disappointment

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2019
... September meeting. Operative phrase: "as widely expected". You, I and Irene can wax pedantic about some changes in RBA governor Philip Lowe's September statement and that of the previous month, but at the end of the day 'twas same old, same old. ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
... no question about it, for sure and for certain the Reserve Bank of Australia (RBA) will cut interest rates again. RBA governor Philip Lowe told us so when he addressed the Committee for Economic Development of Australia (CEDA) event in Adelaide on June ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... 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 speech before the Economics Society of Australia on May 21 and later, in the minutes of the RBA's ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
... -30%, rather than its risk scenario of -40%. "This probably doesn't stop the RBA cutting rates, UBS said but [RBA governor Philip] Lowe's speech yesterday is key the Coalition proposed incentives for first home buyers." The Coalition's election promises ...