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Showing 401 - 410 of 1453 results for "Monetary Policy"

Chief economist update: BOJ decision announced and ignored

BENJAMIN ONG  |  WEDNESDAY, 20 MAR 2019
... - Japan - have all been but ignored. In case you failed to notice, the Bank of Japan (BOJ) concluded a two-day monetary policy meeting not long ago - 14-15 March. Don't worry, you haven't missed much (or anything). Monetary policy remains unchanged ...

Chief economist update: The AUD's resilience

BENJAMIN ONG  |  TUESDAY, 19 MAR 2019
... the USD (down by 10% in 2018) and in trade weighted terms (down by 6.5%). This, in other words, is a de facto monetary policy easing. Just think of the all the good a lower exchange rate does for the Australian economy - exports more competitive in the ...

Chief economist update: Be fearful when indicators show no fear

BENJAMIN ONG  |  MONDAY, 18 MAR 2019
... fiscal authorities. The US Federal Reserve started reversal proceedings by announcing a pause in its quest to bring monetary policy back to normality, punctuated by NY Fed president John Williams' recent comment that the Fed funds rate is now at ...

Chief economist update: What's the RBA waiting for?

BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
... economy to grow by around 3% this year." Note: It cut its 2020 growth forecast to 2.75% from 3.25% in the February Monetary Policy Statement. However, the labour market is generally considered a lagging indicator and given the on-going weakening in business ...

Chief economist update: Prepare for lift-off

BENJAMIN ONG  |  MONDAY, 11 MAR 2019
... and the Bank of Japan (BOJ); and, hawkish policy leanings from the Bank of England ("an ongoing tightening of monetary policy would be appropriate"); Bank of Canada ("interest rates to its neutral range 2.5% -3.5%); and the Reserve Bank of Australia ...

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
... $2.9 million." RBA rate cut here we come. According to the AFR, "Ten forecasters challenge the RBA's neutral monetary policy bias", with all now expecting one (or two) 25 basis point rate cuts this year. They've now come around to Financial Standard' ...

Chief economist update: A capitalist in communist clothes

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2019
As expected, the Reserve Bank of Australia (RBA) did nothing to monetary policy after the conclusion of its second board meeting this year. It kept the official cash rate at a record low, predicated on the same rationale it put forth at its February ...

Chief economist update: Wrong way, go down

BENJAMIN ONG  |  THURSDAY, 28 FEB 2019
... thinking what I'm thinking? Yes, Virginia, something's amiss, and that's despite the changes in relative monetary policy expectations - the Fed's on hold this year and the RBA will cut interest rates (maybe two according to Westpac) this ...

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
... US Federal Reserve has reached neutral - the "neutral interest rate" level, that is - the Goldilocks state of monetary policy where it is neither accommodative nor restrictive. If I remember correctly, the Fed's last published estimate of the "neutral ...

Chief economist update: Unchanged RBNZ stance would force it to change stance

BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... as explained by Governor Adrian Orr - to keep the official cash rate unchanged at 1.75% after its February 13 monetary policy deliberations. That's A-OK. Financial markets were expecting just that. However, financial markets' didn't expect ...