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Showing 581 - 590 of 2021 results for "RBA"

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... the past. Both of these may well combine to result in a more muted pick-up in lending than in the past," Debelle said. The RBA noted that loan approvals have begun to rise, but are yet to see the flow through to a pick-up in housing credit growth, which ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... it reproduces itself by crippling our willingness to act." - Howard Zinn Taken after the Reserve Bank of Australia's (RBA) third interest rate reduction this year which brought the official cash rate to 0.75% and the Morrison government's July ...

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

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
... minds between Australian Prime Minister Scott Morrison (and his Treasurer, Josh Frydenberg) and Reserve Bank of Australia (RBA) governor Philip Lowe. A report by the Bank for International Settlements (BIS) - the central bank of central banks - Committee ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... to stay..." - The Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time this year - taking the official cash rate down to a record low of 0.75% (with markets ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
A stitch in time saves nine. If only the Reserve Bank of Australia (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic ...

MLC funds tone down return expectations

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
MLC has informed investors that it expects lower returns for some of its funds, in light of "unusually low cash rates" and is cutting fees. MLC wholesale inflation plus portfolios are offered in three profiles: assertive, moderate and conservative. ...

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

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... invest and spend, even if interest rates were cut down to zero or even if you pay them (negative interest rates) to borrow. RBA governor Philip Lowe acknowledged as much in his recent address to the Armidale Business Chamber, "monetary policy has become ...

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

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
... headline flashing on your screens at around 230 in the afternoon of Tuesday, October 1, after the Reserve Bank of Australia (RBA) concludes its scheduled board meeting. In his address to the Armidale Business Chamber, RBA governor Philip Lowe practically ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
... announced a 25 bp cut in the fed funds rate underscores financial markets' conviction that the Reserve Bank of Australia (RBA) will cut interest rates again when it meets on the first Tuesday of October - taking the official cash rate to a new record ...

Chief economist update: 'Paradox of Thrift' in action

BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
... second fiscal spending package amounting to around 4.2% of GDP. This is in tandem with the Reserve Bank of Australia's (RBA) series of interest rate reductions that took the official cash rate from a high of 7.25% in 2008 to 3% by May 2009. It worked! ...