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Showing 591 - 600 of 2498 results for "Central Bank"

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... last year while at the same time maintaining "the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion". The BOE is now expected to cut interest rates instead as political uncertainty compounds the ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... yields. If the relatively stronger economic growth in the past wasn't able to sustainably lift inflation to within central bank targets, what more now that growth around the world is decelerating. Note: the People's Bank of China's inflation ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
It's a hat trick! Three central bank meetings, all three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
"If your opponent is temperamental, seek to irritate him." - Sun Tzu, The Art of War China's just implemented one of its greatest son's prescriptions and, for sure and for certain, it's gonna irritate Trump. Financial markets were shell-shocked ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
The US Federal Reserve gave markets exactly what they were expecting - a 25 basis point reduction in the Fed funds rate at the conclusion of its July FOMC meeting - but instead of revving up the risk on trade, it was risk off. Equity markets fell. The ...

RBA in no rush to lift cash rate

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
Investors should brace for the 1% cash rate environment to continue, after Reserve Bank of Australia governor Philip Lowe turned the spotlight to the stubborn inflation rates at a Sydney lunch yesterday. Speaking at Anika Foundation Luncheon, Lowe said ...

Irish pension funds reduce equity exposure

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
According to Mercer, Irish pension schemes are reducing their exposure to equities and diversifying into property, infrastructure and hedge funds instead. Mercer's 2019 European Asset Allocation survey also shows average equity allocations for Irish ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
... AMP Life from a number of legislative requirements in New Zealand. As a result, Resolution Life does not expect the central bank to approve an application that would satisfy the condition precedent. AMP agreed and said addressing these requirements would ...

Chief economist update: Hard target

BENJAMIN ONG  |  WEDNESDAY, 10 JUL 2019
... his speech at the RBA board dinner with the business community on June 4 - the night after the afternoon when the central bank announced its first rate cut since August 2016 - governor Philip Lowe declared 4.5% is the unemployment rate at which wages ...

Sovereign investors go back to fixed income

KANIKA SOOD  |  TUESDAY, 9 JUL 2019
... are from Invesco's Global Sovereign Asset Management Study conducted with 130 individual sovereign investors and central bank reserve managers across the globe representing $20.3 trillion of assets. The sample included six respondents from Australia ...