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Showing 121 - 130 of 762 results for %22Monetary Policy Report%22

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

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... borrow. RBA governor Philip Lowe acknowledged as much in his recent address to the Armidale Business Chamber, "monetary policy has become less effective at the margin"; and The government's obsession with achieving a Budget surplus. The Australian ...

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

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
... unemployment and achieving more assured progress towards the inflation target," he said. "The board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, make further progress towards full employment, and ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
... banks have already cut interest rates (more than once) and/or restarted QE, or promised to maintain ultra-loose monetary policy with a view to implementing even greater accommodation (if needed). The Organisation for Economic Cooperation and Development's ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
The Global Financial Crisis of 2008 gave birth to "non-conventional monetary policy" - where many developed country central banks lowered interest rates to zero/negative and/or engaged in quantitative easing. While these prevented the "Great Recession" ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... what's speculated of a rate-cutting regime. The Bank of Japan (BOJ) persists with its quantitative and qualitative monetary easing (QQE) first, with negative interest rates, and later expanded to "with yield curve control". The BOJ's target rate ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... (RBNZ), the Bank of Thailand (BOT) and the Reserve Bank of India's (RBI) surprise moves towards increased monetary policy accommodation on August 7 supports the bond markets' dim view over the prospects for economic growth and inflation. Not ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
... that'll lead to higher unemployment, consumer pessimism... Zero official cash rate here we come. However, note that monetary policy operates with a lag. In Australia, it takes about 12-18 months changes in monetary policy trickles down into general ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... 2%-2.25% at the conclusion of its July FOMC meeting at 95.1%. This is backed-up by the Fed's semi-annual Monetary Policy Report noting: "Since the beginning of May, the tenor of incoming information on economic activity, on balance, has become somewhat ...

Chief economist update: BOJ Tankan tanking?

BENJAMIN ONG  |  TUESDAY, 2 JUL 2019
... major risks to its outlook that its economy is "likely to continue on a moderate expanding trend" at its June monetary policy meeting. The BOJ's latest Tankan survey indicates that the US-China trade stoush is, indeed, causing consternation among ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
... deleterious effects on the Chinese economy. So much so the powers in Beijing have resorted to both fiscal and monetary policy stimulation to mitigate the downdraft from trade. One illustration of China's stimulus measures is June's announcement ...