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Showing 121 - 130 of 326 results for "official cash rate"

A matter of assumptions

BENJAMIN ONG  |  TUESDAY, 26 SEP 2017
... guessing... and so are the "experts''. The ANZ and the NAB guess that the Australian central bank would lift the official cash rate by 25 basis points twice by the end of 2018, taking the current rate of 1.5% to 2%. These are based on their view that ...

Boring is good

BENJAMIN ONG  |  WEDNESDAY, 6 SEP 2017
... year stint as head honcho of the Australian central bank is that Mr. Lowe did nothing - that is, he kept the official cash rate where he found it, at a record low 1.5%...to this day. In a word, boring. But boring is good, for unlike the extreme volatility ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... painted by RBA governor Philip Lowe's statement after the bank's board meeting on 1 August (where it kept the official cash rate unchanged at 1.5%). But despite the RBA's optimistic outlook, the domestic equity market appears to be going nowhere. This ...

Data dictates immediate BOE action

BENJAMIN ONG  |  WEDNESDAY, 5 JUL 2017
No one expected the Reserve Bank of Australia (RBA) to raise or lower the official cash rate from its current 1.5% when its board met on the 4 July, but only a few expected the Australian central bank to follow its bigger overseas peers into a more ...

Economic growth slows to 1.7pct but not as bad as feared

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2017
... day's disappointing current account numbers). But only just. Even the Reserve Bank expected it when it kept the official cash rate steady at 1.5% after yesterday's board meeting. The RBA said: "Year-ended GDP growth is expected to have slowed in the ...

RBNZ on ice

BENJAMIN ONG  |  THURSDAY, 23 MAR 2017
... inflation expectations remain well-anchored at around 2 percent". Despite this optimism, the RBNZ kept the official cash rate unchanged at 1.75% at its March policy meeting as widely expected because of two reasons: The currency. The New Zealand central ...

Steady as she grows

BENJAMIN ONG  |  WEDNESDAY, 8 MAR 2017
As expected, the Reserve Bank of Australia (RBA) kept the official cash rate unchanged at 1.5% -- where it had been since August last year -- while at the same time offering a positive outlook on the global and domestic economy. Not only has the RBA ...

In search of that elusive Australian animal spirit

BENJAMIN ONG  |  FRIDAY, 24 FEB 2017
... can't. I've allowed the horse to come to the water with cheap funding. I can't make it drink," he said. The RBA official cash rate was at 2.5% at the time. It has since been taken down a full 100 basis points to a record low 1.5%. Still, businesses aren't ...

RBNZ on steady

BENJAMIN ONG  |  THURSDAY, 9 FEB 2017
... steady while at the same time offering a positive assessment and outlook for the months ahead. The RBNZ left the official cash rate unchanged at 1.75% at the conclusion of its 9 February meeting, noting the improvement in the global outlook, "The recovery ...

RBA joins the bulls in central bank shop

BENJAMIN ONG  |  WEDNESDAY, 8 FEB 2017
... three big central banks - BOJ, Fed, BOE - that met last week, the Reserve Bank of Australia (RBA) kept the official cash rate unchanged at 1.5% while at the same time offering a positive outlook on the global and domestic economy. According to the RBA ...