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Showing 581 - 590 of 2506 results for "Central bank"

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... at the Centre for Applied Macroeconomic Analysis (CAMA) that currently sits as the RBA Shadow Board called on the central bank to raise interest rates. In April this year, II wrote the case for why there's no other option for the Reserve Bank of ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
"Patience is a virtue." We've heard, read and seen this quote many, many times. This is a quote that's so easy to say but difficult to apply - more so if you're the head of one of the world's biggest central banks, presiding over a fast ...

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

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... infrastructure spending, but the way it's going, it's not, Please sir, can I get some more. With the Australian central bank nearly out of ammunition and is virtually "pushing on a string", the government has to step in. But nah! The Morrison ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
... Irene could only surmise that the OECD's downgrade to its global growth projections already accounted for earlier central bank policy easing and expectations for more. This, in essence, is an admission of central banks' near-impotence at reversing ...

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

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... just cut interest rates a second time just at its 17-18 September FOMC meeting just hours before and the European Central Bank (ECB) - when they met on the 12th of the same month - lowered the deposit rate by 10 bps to -0.50%; announced that it will ...

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
Oil prices soared after a drone attack on September 14 on Saudi Arabia's Abqaiq oil-processing plant (estimated to produce around 5% of global oil supply). WTI and Brent crude oil prices jumped by 14.6%, to US$62.88 per barrel and US$69.03/barrel ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... man and his dog is already positioned for this eventuality. The CME FedWatch Tool puts the probability of the US central bank taking interest rates down by another 25 basis points to 1.75%-2% on September 18 at 81.9%. I don't know anyone who can ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... didn't only justify our argument that Mario would do "whatever it takes" despite the growing chorus of dissent from central bank heads and officials from Germany, Austria and the Netherlands against a big stimulus package, Draghi over-delivered. ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... Deutschland and it calls for desperate measures. It can't do anything anymore about monetary policy, the European Central Bank controls interest rates (currently at zero, it ended QE in December 2018) nor the exchange rate, no more deutschmarks ...

Chief economist update: Economy slows to decade low but still tops the pops

BENJAMIN ONG  |  THURSDAY, 5 SEP 2019
There were no back-patting and self-congratulatory remarks this time from Australia's Prime Minister and Treasurer for the Australian National Accounts show that it wasn't a "wonderful set of numbers". Instead, with economic growth slowing to ...