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Showing 61 - 70 of 384 results for %22Official Monetary%22

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... before it was tapered by US$10 billion per month to $75 billion in December 2013. After a series of reductions, the Fed official concluded QE in October 2014, signalling the Fed's confidence that the US economy is strong enough to warrant the withdrawal ...

Chief economist update: Synchronised forecasts for a synchronised slowdown

BENJAMIN ONG  |  WEDNESDAY, 9 OCT 2019
... year. Surprise, surprise but all four international institutions recommend a "coordinated fiscal response" given that monetary policy has seemingly become impotent. However, hopes for a coordinated response - monetary or fiscal or whatever - won't ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... nine. If only the Reserve Bank of Australia (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic macro-economic fundamentals ...

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
... security contribution fees for companies and increased spending on infrastructure and environmental projection - as well as monetary ones - the PBOC has cut the reserve requirement ratio several times from 17% in March 2018 to a 12-year low of 13% in ...

Chief economist update: RBA cuts official cash rate to 0.75%

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
... unemployment and achieving more assured progress towards the inflation target," he said. "The board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, make further progress towards full employment, and ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
Two down, none to go! There was division at the Fed - one official wanted a 50 bps rate cut; two wanted the target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation." It continued, saying: "Fourth, we decided to change the modalities of the new series of quarterly targeted ...

Chief economist update: RBA not risking market disappointment

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2019
As widely expected, the Reserve Bank of Australia (RBA) kept the official cash rate unchanged at 1.0% at its September meeting. Operative phrase: "as widely expected". You, I and Irene can wax pedantic about some changes in RBA governor Philip Lowe's ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... dollar's competitiveness and mitigate the headwinds from a slowing global economy... even if it means taking the official cash rate to zero.

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... former official who oversaw the Treasury's currency-manipulator monitoring for 14 years, and is now at the Official Monetary and Financial Institutions Forum, a think tank, notes that China meets only the first of those three conditions." But I digress. ...