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Showing 171 - 180 of 342 results for "official cash rate"

ZIRP to bring back "animal spirits"?

BENJAMIN ONG  |  FRIDAY, 26 FEB 2016
... The RBA cut interest rates by a total of 50 bps last year - 25 bps in in Feb and 25 bps in May - taking the official cash rate down to 2.0%. Still, businesses aren't drinking. Instead, actual and expected capex have continued to decline... and by more. ...

Four steps up, four steps down

BENJAMIN ONG  |  THURSDAY, 10 DEC 2015
... policy or what? This is the feeling one gets when one looks at the history of the RBNZ's adjustments to its official cash rate target over the past few years. Yesterday's decision by New Zealand's central bank's to cut interest rates - the fourth time ...

Good tidings sway RBA to stay

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2015
... blame all around. In the end, the Reserve Bank of Australia (RBA) decided to stay the course - keeping the official cash rate at 2.0% yesterday because of good tidings in the economy: "In Australia, the available information suggests that moderate expansion ...

Pick a number

BENJAMIN ONG  |  TUESDAY, 3 NOV 2015
... the principle, it could be applied to any economy. Let's take a stab at it for Australia: i = 2.0% (current official cash rate) r* = 3.0% (natural real official cash rate) pi = 2.1% (latest trimmed mean inflation measure) pi* = 2.5% (RBA inflation target) ...

WBC rate lift pressures RBA rate cut

BENJAMIN ONG  |  THURSDAY, 15 OCT 2015
... the RBA to cut interest rates some more. Financial markets are now pricing a 57% 25 basis point snip in the official cash rate at the RBA's November meeting, up from less than 40% before WBC's announcement. Citi is 100% sure of a rate cut by February ...

Australia: which way now?

BENJAMIN ONG  |  WEDNESDAY, 19 AUG 2015
... supported by the lower level of oil prices and accommodative global financial conditions." Apart from dropping the official cash rate to an historic low of 2.0%, the RBA has been Australia's one-man cheering squad. But as Gov Glen told 'The American ...

RBA to deliver nothing

BENJAMIN ONG  |  TUESDAY, 4 AUG 2015
... today to deliberate on the economy's monetary policy setting. This month looks easy-peasy for the RBA. Keep the official cash rate steady at 2.0% plus a few minor tweaks in the 'Statement' and it's job done. The RBA certainly won't be disappointing anybody ...

RBNZ tries to turn the turn in NZ economy

BENJAMIN ONG  |  MONDAY, 27 JUL 2015
... reductions in two consecutive policy meetings - 25 bps reductions each - on 11 June and 23 July that took the official cash rate down to 3.0%... and expectations of more to come. According to RBNZ governor Graeme Wheeler, "New Zealand's economy is currently ...

Market set to fall

AAP  |  THURSDAY, 23 JUL 2015
... dividend paying stocks such as Meridian Energy and Contact Energy on the expectation the Reserve Bank will cut the official cash rate. The S&P/NZX 50 Index advanced 50.83 points, or 0.9 per cent, to 5927.74.

BOJ in (tactical) retreat

BENJAMIN ONG  |  THURSDAY, 11 JUN 2015
... announcement. Speaking of announcements, the Reserve Bank of New Zealand (RBNZ) announced an unexpected cut in its official cash rate from 3.5% to 3.25% -- the first rate reduction since March 2011 -- "given low inflationary pressures and the expected ...