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Showing 11 - 20 of 60 results for "Monetary Policy Statement"

Chief economist update: Predictions allude to frozen RBA

BENJAMIN ONG  |  THURSDAY, 22 NOV 2018
... outlook puts this at 3.0% by end-2020 -- due to slower growth in exports of resources." (November 6 monetary policy statement). The RBA is also more optimistic with regards to the unemployment rate: 5.0% this year and 4.75% in 2019 and 2020 versus the ...

Chief economist update: Eurozone growth slowing fast

BENJAMIN ONG  |  WEDNESDAY, 31 OCT 2018
... months." Fortunately for the ECB, it placed a caveat on its forward guidance when it issued its October monetary policy statement. "Regarding non-standard monetary policy measures, the Governing Council will continue to make net purchases under the asset ...

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... growth outlook remain" and stated, "Our projection for the New Zealand economy, as detailed in the August Monetary Policy Statement, is little changed." The RBNZ predicts GDP growth of 2.7% this year and 2.6% in 2019 before accelerating to 3.4% in 2020. ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... that the next move in the OCR could be down rather than up. This is because as printed in the August Monetary Policy Statement: "The decline in GDP growth over the past year suggests momentum in the economy may have eased." Factset data shows that New ...

Chief economist update: Prudence, patience and persistence

BENJAMIN ONG  |  FRIDAY, 27 APR 2018
... down. This isn't lost on ECB President Mario Draghi. While Draghi offered a sober assessment in his monetary policy statement, "incoming information since our meeting in early March points towards some moderation, while remaining consistent with a solid ...

Chief economist update: Next move in rates will likely be up, but it's not certain

BENJAMIN ONG  |  WEDNESDAY, 7 MAR 2018
... perhaps not very many noticed that while it was not a cut and paste job, the message contained in the monetary policy statement of 6 March 2018 echoed that made in March (even February) last year - that of expectations of stronger growth, improving labour ...

Chief economist update: Wagering on wages

BENJAMIN ONG  |  WEDNESDAY, 21 FEB 2018
... at a 2% rate in the fourth quarter from the third. Reading from the Reserve Bank of Australia's (RBA) monetary policy statement after its 6 February meeting, the Australian central bank is wagering on the same: "Notwithstanding the improving labour market ...

Chief economist update: One hike this year, one hike next year

BENJAMIN ONG  |  WEDNESDAY, 17 JAN 2018
... 2020. All good except for that one not so little issue of Brexit. As the BOE noted in its December 2017 monetary policy statement, "Developments regarding the United Kingdom's withdrawal from the European Union - and in particular the reaction of households ...

Chief economist update: ECB sees low rates for longer

BENJAMIN ONG  |  TUESDAY, 16 JAN 2018
... 1.5% in 2017, 1.4% in 2018, 1.5% in 2019 and 1.7% in 2020. As the ECB stressed in its December 2017 monetary policy statement: "Signals that could trigger an unwarranted tightening of financial conditions needed to be avoided, as they could jeopardise ...

Same old same old from the BOJ

BENJAMIN ONG  |  FRIDAY, 22 DEC 2017
... experienced from July 2015 to December 2016. This leaves the BOJ confused. While in one paragraph of its monetary policy statement, it printed that "Inflation expectations have remained in a weakening phase" it's optimistic in another. "The year-on-year ...