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Showing 71 - 80 of 384 results for %22Official Monetary%22

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... People's Bank of China (PBOC) allowed the yuan to fall below the psychological threshold of CNY7.0 per US dollar. The official CNY/US$ exchange rate dropped by 1.3% to an 11-year low of CNY7.04 while the offshore CNY/US$ rate fell by 1.8% to CNY7.10 ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
... structures, equipment and more importantly, staff that'll lead to higher unemployment, consumer pessimism... Zero official cash rate here we come. However, note that monetary policy operates with a lag. In Australia, it takes about 12-18 months changes ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... expectations that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon after it cut the official cash rate a month before. In two months' time, the official cash rate has dropped from a record low of 1.5% to a ...

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... one was imagining a rate cut. Not only that, there are now seven participants projecting two rate reductions and one official calling for a single rate reduction this year. Heck, Federal Reserve Bank of St. Louis James Bullard even voted for an outright ...

Chief economist update: The path of monetary policy according to Lowe

BENJAMIN ONG  |  WEDNESDAY, 5 JUN 2019
"Toto, we're not in Kansas anymore." The Reserve Bank of Australia's (RBA) decision to cut the official cash rate to a fresh record low of 1.25% takes the country's monetary policy into uncharted waters. More uncharted it would be if JP ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... dynamics are bound to improve and/or stop deteriorating. Let us count the ways. The near-certainty of the RBA cutting the official cash rate to a new all-time low of 1.25% in June has already delivered dividends in the form of the Australian dollar's ...

Chief economist update: Japan becomes collateral damage in US-China trade war

BENJAMIN ONG  |  WEDNESDAY, 15 MAY 2019
... 2012 - to a two-year low reading of 12 in the March quarter from 19 in the December 2018 quarter. According to a BOJ official: "Many manufacturers said they grew concerned over the outlook of the Chinese and other Asian markets on the back of slowing ...

Chief economist update: The (trade) war is back on

BENJAMIN ONG  |  MONDAY, 13 MAY 2019
... the green shoots that have recently been sprouting in the Chinese economy. Both the National Bureau of Statistics' (official) and the Caixin PMI surveys show that the non-manufacturing sector (services) remains in expansion while manufacturing activity ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... of a printed statement, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr verbally delivered the news that: "The Official Cash Rate (OCR) has been reduced to 1.5%." "The Monetary Policy Committee decided a lower OCR is necessary to support the outlook ...