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Showing 11 - 20 of 92 results for "Statement on Monetary Policy"

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 ...

Wage freeze

BENJAMIN ONG  |  THURSDAY, 17 AUG 2017
... getting it, it's also getting the RBA further away towards achieving its inflation forecasts. In its 'Statement on Monetary Policy' (released early this month), the RBA predicted underlying inflation to "reach around 2% over the second half of 2017 and ...

Wages separate businesses from consumers

BENJAMIN ONG  |  THURSDAY, 10 AUG 2017
... negative. In simple terms, wages are growing by less than the increase in consumer prices. The RBA's 'Statement on Monetary Policy August 2017' report already touched on the dangers of this for the Australian economy: "Ongoing expectations for low real ...

Inflation: Cost-pushed and demand-pulled

BENJAMIN ONG  |  WEDNESDAY, 9 AUG 2017
... demand to pull consumer prices up. A dynamic not lost on the Australian central bank. In its August 'Statement on Monetary Policy', the RBA stated: "expectations for low real wage growth remain a key downside risk for household spending." Not only this ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... evolving broadly as expected. The Bank's forecasts are little changed from those published in the May Statement on Monetary Policy. The economy is expected to grow at an annual rate of around 3% over the next couple of years, which is a bit higher than ...