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Showing 61 - 70 of 343 results for "official cash rate"

Chief economist update: Fundamentally overvalued

BENJAMIN ONG  |  FRIDAY, 17 JAN 2020
... maintain accommodative monetary policies. The Reserve Bank of Australia (RBA), for one, is expected to lower the official cash rate by at least another 25 basis points to 0.5% this year. This would certainly prompt many an Australian investor to reach ...

Chief economist update: More jobs dull rate cut bets

BENJAMIN ONG  |  FRIDAY, 20 DEC 2019
... therefore not surprising that financial markets have reduced their expectations that the RBA would cut the official cash rate by another 25 bps (to 0.5%) at its first meeting for 2020 (in February). However, the details of the report should cause pause ...

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
... but it promised to act (if it becomes necessary). Even our very own Reserve Bank of Australia (RBA) cut the official cash rate three time this year - in June, July and October - to a fresh record low of 0.75%. Whether or not these policy decisions are ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... - a month after the Reserve Bank of Australia (RBA) announced it third rate cut (in October) that took the official cash rate to a record low 0.75%; and the government tax rebates implemented in July. Five years earlier, then RBA governor Glenn Stevens ...

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
The Reserve Bank of Australia (RBA) disappointed no one when it kept the official cash rate unchanged at a record low 0.75% after the conclusion of its December 3 meeting. This is perfectly rational: Monetary policy operates with a lag - it takes about ...

Chief economist update: Lower rates still fail to animate

BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
... getting in trouble now. Not only are Australian households not lifting their spending despite the drop in the official cash rate to a record low 0.75% but it's looking a lot like businesses aren't too. The Australian Bureau of Statistics' ...

Chief economist update: As low as Lowe will go

BENJAMIN ONG  |  WEDNESDAY, 27 NOV 2019
... Business Economists' conference last night, RBA Governor Lowe couldn't be more explicit on how low the official cash rate could go: "Our current thinking is that QE becomes an option to be considered at a cash rate of 0.25 per cent, but not before ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... rate cuts... but by how much more? Governor Lowe has already stated that, he doesn't intend to take the official cash rate to negative - for as experienced by other central banks, it creates new problems - so zero would be the lower bound (and then ...

Chief economist update: The A$ will answer the question of how much more

BENJAMIN ONG  |  TUESDAY, 12 NOV 2019
When the Reserve Bank of Australia (RBA) met and decided to keep the official cash rate unchanged at 0.75% on November 5, Governor Philip Lowe issued this optimistic statement: "After a soft patch in the second half of last year, a gentle turning point ...

Chief economist update: RBA holds but for how long?

BENJAMIN ONG  |  WEDNESDAY, 6 NOV 2019
... Bank of Australia (RBA) governor Philip Lowe's words after the board decided to keep the country's official cash rate unchanged at 0.75% at its November 5 meeting. No central banker would go out and shoot his own foot, announcing to one and all ...