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Showing 71 - 80 of 180 results for "Philip Lowe"

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... central bank to start implementing more drastic measures to offset the economic impact of the virus. RBA governor Philip Lowe said the central bank "stands ready to purchase Australian government bonds." Lowe made the announcement on Monday, following ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
Well, what do you know? Reserve Bank governor Philip Lowe had been right all along in his claim that, "the Australian economy appears to have reached a gentle turning point". The latest Australian National Accounts proved the truth in Lowe's statement. ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... meeting "to support the economy as it responds to the global coronavirus outbreak". In his published statement, Governor Philip Lowe declared that: "The coronavirus has clouded the near-term outlook for the global economy and means that global growth ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... in plants, equipment or staff if it there's risk of weakening activity ahead. Then again, as present RBA head Philip Lowe stated after its third rate cut in October last year: "At low interest rates, many investments that didn't make sense at ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
Latest surveys show an improvement in Australian consumer and business confidence despite concerns over the impact of the bushfires, floods and the coronavirus. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
Drought, bushfires, coronavirus are among the risks Reserve Bank of Australia governor Philip Lowe nominated when he testified before the House of Representatives Standing Committee on Economics on the February 7. One day later, and Lowe would have ...

Lowe snaps back at critics

ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
RBA governor Philip Lowe has rejected concerns that the bank's decision to cut interest rates last year dented consumer confidence and impacted weak consumer growth. Speaking at the National Press Club, Lowe said that while he understands having rates ...

Chief economist update: More jobs dull rate cut bets

BENJAMIN ONG  |  FRIDAY, 20 DEC 2019
'twas a good present for the Australian economy (and just in time to bring Christmas cheer) but the equity market didn't like it. The S&P/ASX 200 index closed 0.3% lower after the Australian Bureau of Statistics (ABS) released the latest update ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
Australia's economic growth accelerated to 1.7% in the year to the September quarter from 1.6% in the June quarter, justifying Reserve Bank of Australia (RBA) governor Philip Lowe's oft-repeated claim that, "the Australian economy appears to ...

Chief economist update: Reversal of fortune

BENJAMIN ONG  |  WEDNESDAY, 20 NOV 2019
... an increase in output elsewhere in the economy of $2.9 million." That was on 7 March 2019, a day after RBA Governor Philip Lowe addressed the AFR Business Summit in Sydney on 'The Housing Market and the Economy', wherein which he stated: "My ...