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Showing 61 - 70 of 342 results for "official cash rate"

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 ...

Chief economist update: RBA rate cut outlook

BENJAMIN ONG  |  THURSDAY, 31 OCT 2019
... inflation has changed market expectations with regards to how low the Reserve Bank of Australia (RBA) will take the official cash rate. First things first; the ABS report showed that headline inflation edged up to 1.6% in the year to the September quarter ...