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Showing 101 - 110 of 762 results for %22Monetary Policy Report%22

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... months straight. It could be the US central bank's regret for its relatively aggressive action - "normalising" monetary policy by raising the fed funds rate from 0.25% in 2015 to 2.5% in 2018. To be fair, the PCE price index was heading and even ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... funds rate (at least for all of 2020). The latest dot plot of FOMC participants' assessment of appropriate monetary policy reveals that 13 of 17 foresee no change in interest rates in 2020 and the other four expecting a rate HIKE next year. Next ...

Chief economist update: Changing to Lagarde

BENJAMIN ONG  |  FRIDAY, 13 DEC 2019
As expected, the European Central Bank (ECB) kept monetary policy settings unchanged at its 12 December Governing Council meeting. "...the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... global developments and ongoing risks. With our decisions through the course of the past year, we believe that monetary policy is well positioned to serve the American people by supporting continued economic growth, a strong job market, and inflation ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... interest rate reductions and/or tax cuts would be saved and used to service this debt. Worse, the more the RBA provides monetary accommodation, the more anxious we, Australians all, become, the more we save for that "rainy day". That increased saving ...

Chief economist update: Lower rates still fail to animate

BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
... Perhaps, the RBA is correct in its optimism that, "one day my prince will come", and eventually the lagged effects of monetary policy will flow through into the general economy. However, given the prevailing sense of uncertainty in the global economy ...

Chief economist update: Let's talk about debt

BENJAMIN ONG  |  TUESDAY, 26 NOV 2019
... unemployment rate does not move lower with current policy settings, there are a number of options..." "...These include: further monetary easing; additional fiscal support, including through spending on infrastructure; and structural policies that support ...

Chief economist update: Reversal of fortune

BENJAMIN ONG  |  WEDNESDAY, 20 NOV 2019
... starting to change my tune. Yes Virginia, I'm still scouring through the pages of the RBA's Statement on Monetary Policy released earlier this month and eureka and by George and by golly, there it was, in black and white... "Recent developments ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... past few days (before the jobs report) also provided early rate cut signals: November 8: The RBA Statement on Monetary Policy. The thing to note here is that the RBA's relatively optimistic projections come with a footnote - (a) the technical assumptions ...

Chief economist update: Brexit la la la

BENJAMIN ONG  |  FRIDAY, 8 NOV 2019
... that the UK would leave the EU without a deal sometime around August this year. The Bank of England's (BOE) monetary policy statement published after the monetary policy committee meeting of October 7 - where it kept policy settings unchanged - was ...