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Showing 541 - 550 of 2465 results for "Monetary"

Chief economist update: Bushfires singe growth, surplus predictions

BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
... trend." 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 ...

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
... "[Stablecoins] raise significant legal and regulatory risks, including to consumer/investor protection, data privacy, monetary policy, and financial stability," the RBA said. "Accordingly... private sector global stablecoin initiatives should not be ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... 13 months straight. It could be the US central bank's regret for its relatively aggressive action - "normalising" monetary policy by raising the fed funds rate from 0.25% in 2015 to 2.5% in 2018. To be fair, the PCE price index was heading and even ...

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
... decline. The going got so tough, that the tough central banks got going. The Fed reversed its direction from normalising monetary policy to cutting the fed funds rate this year while maintaining interest rate settings, the European Central Bank (ECB) ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... the fed funds rate (at least for all of 2020). The latest dot plot of FOMC participants' assessment of appropriate monetary policy reveals that 13 of 17 foresee no change in interest rates in 2020 and the other four expecting a rate HIKE next year. ...

Chief economist update: Changing to Lagarde

BENJAMIN ONG  |  FRIDAY, 13 DEC 2019
As expected, the European Central Bank (ECB) kept monetary policy settings unchanged at its 12 December Governing Council meeting. "...the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... despite global developments and ongoing risks. With our decisions through the course of the past year, we believe that monetary policy is well positioned to serve the American people by supporting continued economic growth, a strong job market, and inflation ...

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... prominent client from the rural sector are concerned Australian banks may have misled the government into agreeing to a monetary cap of $5 million and to the waiver of time limits being limited to matters arising after 1 June 2008 in relation to AFCA's ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... interest rate reductions and/or tax cuts would be saved and used to service this debt. Worse, the more the RBA provides monetary accommodation, the more anxious we, Australians all, become, the more we save for that "rainy day". That increased saving ...

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
... cash rate unchanged at a record low 0.75% after the conclusion of its December 3 meeting. This is perfectly rational: Monetary policy operates with a lag - it takes about 12 to 15 months for higher/lower interest rates to flow through into the general ...