Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 96 results for "Statement on Monetary Policy"

Chief economist update: Bushfires singe growth, surplus predictions

BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
... These compare with the Reserve Bank of Australia's (RBA) GDP growth forecasts - published in its Statement on Monetary Policy (released in November 2019) - of 2.25% at the end of 2019; 2.75% in 2020; and, 3% in 2021. The second headline was from ...

Chief economist update: As low as Lowe will go

BENJAMIN ONG  |  WEDNESDAY, 27 NOV 2019
... growth and higher inflation. This is consistent with the RBA's forecasts in its November 'Statement on Monetary Policy" (SoMP) - GDP growth of 2.75% in 2020 and inflation of 1.75% (and of course, that footnote where it assumes another 25bps cut ...

Chief economist update: Reversal of fortune

BENJAMIN ONG  |  WEDNESDAY, 20 NOV 2019
... starting to change my tune. Yes Virginia, I'm still scouring through the pages of the RBA's Statement on Monetary Policy released earlier this month and eureka and by George and by golly, there it was, in black and white... "Recent developments ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... past few days (before the jobs report) also provided early rate cut signals: November 8: The RBA Statement on Monetary Policy. The thing to note here is that the RBA's relatively optimistic projections come with a footnote - (a) the technical assumptions ...

Chief economist update: The A$ will answer the question of how much more

BENJAMIN ONG  |  TUESDAY, 12 NOV 2019
... employment and the achievement of the inflation target over time." The RBA's recently-released "Statement on Monetary Policy, November 2019" (SoMP) provides greater details: The forecast variables appear to be rational and justify the governor's ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... May 21. "Putting these various elements together, our central scenario - as outlined in our recent Statement on Monetary Policy - is for the Australian economy to grow by 23/4 per cent over both 2019 and 2020... It is worth pointing out that when preparing ...

Chief economist update: RBA stuck in slow inflation lane

BENJAMIN ONG  |  THURSDAY, 1 FEB 2018
... to pull consumer prices up. A dynamic not lost on the Australian central bank. In its August 2017 'Statement on Monetary Policy', the RBA stated that, "expectations for low real wage growth remain a key downside risk for household spending". Not only ...

OECD tells RBA to take a hike

BENJAMIN ONG  |  WEDNESDAY, 29 NOV 2017
... 5.4% in 2018 and 5.3% in 2019. This compares with the RBA's forecasts written in its November 2017 'Statement on Monetary Policy'. It's better on GDP growth - 2.5% in 2017, 3.25% in 2018 and 3.25% in 2019. Not so in terms of inflation moving up to target ...

Two holds and a raise

BENJAMIN ONG  |  TUESDAY, 31 OCT 2017
... had been dropping hints that a rate hike is coming soon. The hint was in black in white when in its Statement on Monetary Policy on 14 September, the BOE wrote "some withdrawal of monetary stimulus is likely to be appropriate over the coming months in ...

Currency trend is not our friend

BENJAMIN ONG  |  MONDAY, 11 SEP 2017
... slower pick-up in economic activity and inflation than currently forecast." This followed August's 'Statement on Monetary Policy' where the RBA noted that: "It is possible that the Australian dollar could appreciate further, which if sustained, would ...