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Showing 11 - 20 of 30 results for "Governor Lowe"

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... 2011 to what was then the record low of 1.5% in August 2016." The recent NAB Business Survey indicates that RBA Governor Lowe still can't make the horse drink. The NAB survey is consistent with the bi-annual survey of 1489 members of the Australian ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
"As this prudent economy, which some people call Saving, is in private families the most certain method to increase an estate, so some imagine that, whether a country be barren or fruitful, the same method if generally pursued (which they think practicable) ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... imports) which contributed 0.1 pps). Enough with the details, the bottom line is that "the gentle turning point" governor Lowe has been talking about appears to be a turning point lower... and that's not even factoring in the persistent uncertainty ...

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
... predicted single 25 bps reduction next year to keep the Australian dollar from appreciating versus the greenback. RBA Governor Lowe has already stated that 0.25% is the lowest the official cash rate could go. Quantitative easing here we come!

Chief economist update: As low as Lowe will go

BENJAMIN ONG  |  WEDNESDAY, 27 NOV 2019
... the lower bound (before QE). In his outing at the Australian Business Economists' conference last night, RBA Governor Lowe couldn't be more explicit on how low the official cash rate could go: "Our current thinking is that QE becomes an option ...

Chief economist update: Let's talk about debt

BENJAMIN ONG  |  TUESDAY, 26 NOV 2019
... need for fiscal policy help. About two weeks before the RBA made its first of three rate cuts in June this year, Governor Lowe told his audience at the Economic Society of Australia conference in Brisbane that: "In the event that the unemployment rate ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... Australia (RBA) rate reduction, they're too late. The only question that needs to be answered is how low would RBA Governor Lowe go? The more rate cut writings were splashed all over the wall since the last rate cut in October. Historically, the ...

Chief economist update: RBA holds but for how long?

BENJAMIN ONG  |  WEDNESDAY, 6 NOV 2019
... before the RBA's first of three interest rate reductions this year (so far) - and even more optimistic. On May 7, Governor Lowe said: "The central scenario is for the Australian economy to grow by around 23/4 per cent in 2019 and 2020." "The central ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... enough of shoulda, woulda, coulda. It's all water under the bridge. The road ahead is what matters more. As RBA Governor Lowe explained, "The Board took the decision to lower interest rates further today to support employment and income growth and ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...