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Showing 121 - 130 of 299 results for "Rate cuts"

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... inflation back below target (to 1.9% in November 2018 - prompting the Fed pause a few months later, followed by outright rate cuts). To avoid a repeat of the same mistake, there are now whispers that the Fed is considering implementing a policy being ...

China's growth to slow: PIMCO

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2020
... inflation expectations over the cyclical horizon, although it is possible to see small symbolic increments of interest rate cuts, in addition to the recently announced reserve requirement reduction, to contain market moves," PIMCO said. Credit conditions ...

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

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... announced its decision. As per Westpac's report: "Our opposing view for 2020 is instead that three further federal funds rate cuts will be seen, taking the benchmark down to 0.875%. This forecast rests on two core beliefs: (1) while a 'phase ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... rates to new customers leaving their existing customers in the cold," Frydenberg said. The RBA has passed three interest rate cuts so far this year, with the current cash rate sitting at 0.75%. Most banks have refused to pass these interest rate cuts ...

Chief economist update: Lower rates still fail to animate

BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
... from 12.8% in the June quarter and 12.3% in the March quarter. Recall that the RBA announced the first of its three rate cuts (so far) on the 4th of June. Perhaps, the RBA is correct in its optimism that, "one day my prince will come", and eventually ...

Chief economist update: Weaker yen strengthening Japan

BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
... hours after the US Federal Reserve cut the Fed Funds Rate for a third time in October, following its July and September rate cuts. The same could be said of the Euro. The European Central Bank's (ECB) September "action" lowered the interest rate ...

Chief economist update: Let's talk about debt

BENJAMIN ONG  |  TUESDAY, 26 NOV 2019
... both institutions agree on is the need for fiscal policy help. About two weeks before the RBA made its first of three rate cuts in June this year, Governor Lowe told his audience at the Economic Society of Australia conference in Brisbane that: "In the ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... equals less business revenues and profits equals less need for additional staff. The pictures all call for more RBA rate cuts... but by how much more? Governor Lowe has already stated that, he doesn't intend to take the official cash rate to negative ...

Chief economist update: Santa Claus is coming to town

BENJAMIN ONG  |  MONDAY, 11 NOV 2019
... curve is no longer inverted. This suggests that the Fed may have caught up with the curve with its three rate interest rate cuts over the past few months plus its "technical adjustment" (don't call it QE). In addition, the slump in global manufacturing ...

Chief economist update: The yen to dictate if BOJ turns words into action

BENJAMIN ONG  |  THURSDAY, 7 NOV 2019
... hours after the US Federal Reserve cut the fed funds rate for a third time in October, following its July and September rate cuts. But instead of depreciating against the yen, the US dollar had been appreciating against the yen since late August. The ...