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Showing 41 - 50 of 62 results for "RBA Governor Philip Lowe"

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
"The heat is on, the heat is on, the heat is on Oh it's on the street, the heat is on..." - Glenn Frey Oh yes, Virginia, the Reserve Bank better deliver a cut in interest rates when its board meets next week (June 4) or there'll be a lot of ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
Nothing. Nada. Zilch. Despite high expectations that it would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its ...

Chief economist update: RBA repeats history

BENJAMIN ONG  |  FRIDAY, 22 MAR 2019
The Reserve Bank of Australia (RBA) may not even need to acquiesce to mounting consensus expectations for at least one interest rate cut this year after the Australian Bureau of Statistics' (ABS) good news on the country's unemployment rate ...

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
... household consumption. There's also the negative wealth effect from falling property prices. Yet, RBA governor Philip Lowe doesn't seem perturbed. Lowe told his audience at the AFR Business Summit yesterday that "the "wealth effect" on consumer ...

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: Cut it, cut it now

BENJAMIN ONG  |  THURSDAY, 21 FEB 2019
What's the time Mr Wolf? It's time to go Philip! It's time for RBA governor Philip Lowe to go and cut interest rates. Perhaps impatience may have gotten the better of me for it's only been two weeks since the Australian central bank ...

Chief economist update: The RBA capitulates

BENJAMIN ONG  |  THURSDAY, 7 FEB 2019
N-E-U-T-R-A-L! It was a hard slog swimming against the tide, but this space has finally been vindicated by RBA Governor Philip Lowe's change of heart with regards to guidance on Australian monetary policy. The next move in "interest rates is likely ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... with sustainable growth in the economy and achieving the inflation target over time." That's what RBA Governor Philip Lowe said yesterday in his monetary policy statement, explaining the rationale behind the Australian central bank's record 30th ...

Chief economist update: Younger migrants and the elderly keep wages low

BENJAMIN ONG  |  THURSDAY, 9 AUG 2018
... to 24 million in January 2016. See here for more details. The release is quiet timely for it provided RBA Governor Philip Lowe something new to talk about at his address to Anika Foundation Luncheon in Sydney the day after. Of course, Lowe spoke about ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... that...means this current state of affairs in the domestic economy could become a prelude to a rate cut. RBA Governor Philip Lowe has already dropped his statement last month that: "In the current circumstances, members agreed that it was more likely ...