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Showing 11 - 20 of 201 results for "Glenn Stevens"

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

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... the recommendations of the Royal Commission. The RBA (under Lowe) suffers from the same impotence the RBA under Glenn Stevens did during his term in office - perhaps, much greater, to the point that the ex-RBA chief was forced to declare: "I have allowed ...

Chief economist update: RBA to take rates to fresh record low

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
Reserve Bank of Australia (RBA) governor Philip Lowe provided the clearest indication yet that the Australian central bank is poised to cut interest rates, potentially at its June 4 meeting. The transcript of Lowe's speech - titled 'The Economic ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
"Annual wages in seasonally adjusted terms grew 2.3% for the third quarter in a row. The main contributors to growth over the quarter were regularly scheduled wage rises in the health care and social assistance and education and training industries ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
Those were the days my friends, we thought would never end... but they ended. The days when measured inflation would go from minus 3% to plus 14%, give or take, back in the grim old days from the 1950s to the late 1980s are no more. Back then the monetarists ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... lowered to 2.25% on February 2015. The RBA don't meet in January but the statement issued by then RBA Governor Glenn Stevens on December 2014 talked about moderate pace in the global economy, accommodative global financial conditions and "In Australia ...

Chief economist update: Australia's low(er)-flation

BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
Will the next move in the official cash rate, as Reserve Bank of Australia (RBA) Governor Philip Lowe put it, likely "be up, rather than down"? To answer this, we have to look at the RBA's mandate of full employment and meeting an "agreed medium-term ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
The stats are out and they reveal that Australia's inflation genie is still inside the box. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation accelerated to 2.1% in the year to the June quarter ...

Chief economist update: A pretty picture of the labour market

BENJAMIN ONG  |  FRIDAY, 20 JUL 2018
"I see trees of green, red roses too I see them bloom for me and you And I think to myself, what a wonderful world." I apologise for mixing my song lyrics but, you're as cold as ice (Foreigners) if yesterday's report on Australia's labour ...

Super fund chair appointed to NSW Generations Fund

KANIKA SOOD  |  WEDNESDAY, 4 JUL 2018
... five-person advisory board. The NSW government has also tapped in former Reserve Bank of Australia Governor (2006-2016) Glenn Stevens to chair the NGF advisory board. Stevens is currently a director at Macquarie Group and Lowy Institute. Lisa McIntyre ...

Chief economist update: A prelude to an RBA cut?

BENJAMIN ONG  |  WEDNESDAY, 6 JUN 2018
... lowered to 2.25% on February 2015. The RBA doesn't meet in January but the statement issued by then RBA Governor Glenn Stevens on December 2014 talked about moderate pace in the global economy, accommodative global financial conditions and "In Australia ...