Search ResultsShowing 51 - 60 of 100+ results for Benjamin Ong
Chief economist update: It's the money, stupid
BENJAMIN ONG  |  TUESDAY, 29 OCT 2019
Extra, extra, read all about it! The S&P 500 index closed at a new all-time high overnight underpinned by bullish headlines that include: positive US-China trade talks; near-certainty of another Fed rate cut at its October FOMC meeting and the latest ...
Is the A$ becoming a safe-haven currency?
BENJAMIN ONG  |  MONDAY, 28 OCT 2019
As Glum (of 'Gulliver's Travels' fame) puts it, "we're doomed, we'll never make it!" Speculations that the Reserve Bank of Australia (RBA) may have to take the official cash rate to zero or even negative and/or start printing Australian dollars suggest ...
Chief economist update: Beam us up Scotty
BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
An RBA rate cut won't happen on Melbourne Cup Day, 5 November. But it will happen - perhaps down to negative and up to the point where the Australian central bank is forced into quantitative easing and print Australian dollars. This is because latest ...
Chief economist update: Oil to slide into 2020
BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
The International Monetary Fund (IMF) recently released its 'World Economic Outlook' report for October where it slashed its global growth projection to 3.0% this year (from 3.2% forecast in July) before rebounding to 3.4% (downgraded from its ...
Another winter of Australian discontent
BENJAMIN ONG  |  WEDNESDAY, 23 OCT 2019
It would be the winter of discontent for Australia's agriculture sector if Rabobank's latest 'Australian Winter Crop Outlook' report is any guide. The specialist agribusiness bank predicts that the country's national harvest would ...
No room for policy mistakes
BENJAMIN ONG  |  TUESDAY, 22 OCT 2019
In its world economic update for October, the International Monetary Fund said that the global economy is in a synchronised slowdown. Growth for 2019 was downgraded again to 3%, its slowest pace since the global financial crisis. "This is a serious ...
Chief economist update: Rate cuts coming, but not on race day
BENJAMIN ONG  |  MONDAY, 21 OCT 2019
Unless a positive shock emerges over the next few months, expect the RBA to continue lowering interest rates and the Morrison government to increase fiscal spending (but only after it's achieved having the Budget surplus immortalised on paper). ...
Chief economist update: Brexit uncertainty is not all that bad
BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
Hear ye, hear ye! Her majesty Queen Elizabeth II has spoken. "My Government's priority has always been to secure the United Kingdom's departure from the European Union on October 31," she has said. Whether her majesty will later come to regret ...
Chief economist update: When QE is not QE
BENJAMIN ONG  |  MONDAY, 14 OCT 2019
If it walks like a duck and quacks like a duck, is it a duck? It is not, according to the US Federal Reserve. On October 11, the Fed issued a press release explaining its plan to buy Treasury bills at "an initial pace of approximately $60 billion per ...
Chief economist update: Japan tightens fiscal policy
BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
Just as the clamour among central banks for fiscal policy aid continue to grow - recently supported by prescriptions from international institutions such as the International Monetary Fund (IMF), the World Bank (WB), the World Trade Organisation (WTO) ...
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