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Showing 681 - 690 of 2498 results for "Central Bank"

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ...

Chief economist update: Famous last words

BENJAMIN ONG  |  TUESDAY, 28 AUG 2018
The S&P 500 index closed at 2896.74 points at the end of last night's trading activity on Wall Street. Yes, Virginia, it's a new record high! Yippee-kay-yay and hallelujah! This is good for stock markets around the world, including Australia. ...

Chief economist update: Submerging markets

BENJAMIN ONG  |  MONDAY, 20 AUG 2018
Emerging markets had been rallying even before 2017 turned into 2018, outperforming developed markets - 27.8% versus 16.3% - at the end of last year. Those were the days of synchronised growth upswing, given more oomph by Trump's declared corporate ...

Chief economist update: Don't mind the gap

BENJAMIN ONG  |  FRIDAY, 17 AUG 2018
Hear ye, hear ye... the unemployment gap has closed! The loss of 3900 workers (versus expectations for a 15,000 addition) may have made for sobering reading on the Australian labour market but this was a small give from the 58,200 additional workers ...

Chief economist update: Emerging markets feel the heat as Turkey burns

BENJAMIN ONG  |  TUESDAY, 14 AUG 2018
... Emerging markets continue to feel the heat from Turkey's roasting and so do several European countries. The European Central Bank (ECB) can only count its blessings that Turkey is not Greece. It has applied, but Turkey is not (yet) a member of the ...

Chief economist update: Turkey's roasted

BENJAMIN ONG  |  MONDAY, 13 AUG 2018
... 3.8116. To be sure, the Turkish lira had already been weakening even before this new crisis. On May 24 this year, the Central Bank of the Republic of Turkey's (TCMB) held an emergency meeting (before its scheduled June 7 meeting) and lifted its liquidity ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... the March quarter of 2021. In away the New Zealand dollar's depreciation would help support the country's central bank towards reversing the trend slowdown in the economy while at the same time putting upward pressure on inflation. This of course ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... to withstand an itsy-bitsy-teenie-weenie increase in borrowing costs which at the same time allows the Australian central bank to normalise monetary policy and rebuild its firepower to fight the next downturn. If memory serves me right, the when of this ...

Chief economist update: Heaven can wait but the BOE couldn't

BENJAMIN ONG  |  FRIDAY, 3 AUG 2018
... basis points to 0.75% at the conclusion of its August Monetary Policy Council (MPC) meeting. To be sure, the British central bank had been itching to do so back in May. Despite the slowdown in the UK economy in the first quarter of this year, the increased ...

Chief economist update: The grass is paler on the China side

BENJAMIN ONG  |  THURSDAY, 2 AUG 2018
... July-1 August meeting was a non-event - keeping the fed funds rate unchanged at 1.75%-20% - but it did give the US central bank a platform to gloat about the US economy. "Information received since the Federal Open Market Committee met in June indicates ...