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Showing 341 - 350 of 1449 results for "Monetary Policy"

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... financial conditions then helped to support economic recovery, particularly at a time when the traditional tool of monetary policy-the federal funds rate-had already been lowered to its effective lower bound. "The purchases of Treasury bills announced ...

Chief economist update: Synchronised forecasts for a synchronised slowdown

BENJAMIN ONG  |  WEDNESDAY, 9 OCT 2019
... Surprise, surprise but all four international institutions recommend a "coordinated fiscal response" given that monetary policy has seemingly become impotent. However, hopes for a coordinated response - monetary or fiscal or whatever - won't be happening ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
... provides the clearest indication yet of the RBA governor's thoughts and concerns. That is, that unconventional monetary policy would become the convention for central banks around the world (hasn't it already?) The BIS reviewed these unconventional ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... provide greater confidence that inflation will be consistent with the medium-term target...and is prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
... one (so far) had only been announced a month before (in September) where the ECB decided to adopt substantial monetary policy stimulus measures. It stated: "The package consists of five elements: (i) a cut in the interest rate on the deposit facility ...

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

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... borrow. RBA governor Philip Lowe acknowledged as much in his recent address to the Armidale Business Chamber, "monetary policy has become less effective at the margin"; and The government's obsession with achieving a Budget surplus. The Australian ...

Chief economist update: RBA cuts official cash rate to 0.75%

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
... unemployment and achieving more assured progress towards the inflation target," he said. "The board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, make further progress towards full employment, and ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
... banks have already cut interest rates (more than once) and/or restarted QE, or promised to maintain ultra-loose monetary policy with a view to implementing even greater accommodation (if needed). The Organisation for Economic Cooperation and Development's ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... giving this advice to Bank of Japan (BOJ) governor Haruhiko Kuroda san, instead of Alice. But nah. The BOJ kept monetary policy settings as they were - the policy rate at -0.1%; the target for 10-year JGBs at around zero percent; and, purchase "exchange-traded ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... through to the end of 2020 (whatever "there" would be). This divide in participants' assessments of appropriate monetary policy comes amid very little change in the Fed's economic projections. While 2019 GDP growth was revised a tad higher to ...