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Showing 11 - 20 of 24 results for "Gareth Aird"

CBA's conviction on December rate cut has 'dipped'

ELIZA BAVIN  |  FRIDAY, 18 OCT 2024
Commonwealth Bank (CBA) head of Australian economics Gareth Aird conceded the stronger than expected unemployment data released yesterday does not strengthen the case for the Reserve Bank of Australia (RBA) to start cutting interest rates. Additionally ...

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
... material change to their forecasts of inflation and economic conditions. Commonwealth Bank head of Australian economics Gareth Aird said the bank has now changed its forecast for the first rate cut to be delivered in December. Previously CBA had been ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... forward guidance since the August board meeting, and Commonwealth Bank of Australia (CBA) head of Australian economics Gareth Aird says this guidance is "at odds" with the central bank's communication strategy. "The RBA's recent use of forward guidance ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... steadfast in its call that the RBA will deliver a rate cut in November this year. CBA head of Australians economics Gareth Aird noted that the RBA has been more hawkish than the bank expected but said a cut this year was still on the cards. "Our base ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... over time. As such, total household savings are almost always on an upward trend," CBA head of Australian economics Gareth Aird said. However, Aird said Australians have been drawing down on their savings since late 2022 due to increased mortgage payments ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... inflation get away." Despite the RBA's sentiment, Commonwealth Bank of Australia (CBA) head of Australian economics Gareth Aird held his prediction for a November cut. "The overall message out of the RBA was a little more hawkish than we anticipated. ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... for the time being monetary policy remains in suspended animation." Commonwealth Bank head of Australian economics Gareth Aird also believes the RBA will keep interest rates unchanged this month. "The June board meeting comes in the wake of the 2024 ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... in more than three decades outside of the COVID-19 pandemic. Commonwealth Bank (CBA) head of Australian economics Gareth Aird said the quarterly changes in real GDP paints the picture of an economy that "continues to slow significantly", saying economic ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... the path to get inflation back into the target range was "uncertain". Commonwealth Bank head of Australian economics Gareth Aird said despite the potentially rocky road ahead, the bank is still anticipating the next move will be down. "The board did ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI  |  FRIDAY, 5 MAY 2023
... focused on cooling inflation, it's unlikely the May budget will look to boost the economy, Commonwealth Bank's Gareth Aird tells Financial Standard. Some were stumped this week after the RBA sent the cash rate up another 25 basis points to 3.85% ...