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Showing 931 - 940 of 4302 results for "Bank of"

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... government unveil counter-cyclical measures. In addition to lowering its yuan fixing versus the US dollar, the People's Bank of China (PBOC) now announced it will be "reforming and improving the formation mechanism of LPR [loan prime rate] - effectively ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... on 10-year US Treasuries and that of the three-month bill - considered by studies conducted by both the Federal Reserve Bank of Cleveland and New York, to be the best predictor of a looming US recession - remains negative. It had been consistently negative ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... Fed president James Bullard podcast in his interview with Karen Mracek - media relations coordinator at Federal Reserve Bank of St. Louis - overnight (on August 14). Perhaps I'm turning into a Dr. Doom but, if the current global economic dynamics ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

Chief economist update: The UK is not OK

BENJAMIN ONG  |  MONDAY, 12 AUG 2019
When it met on August 1, the Bank of England (BOE) rightly anticipated slower GDP growth in the second quarter, saying: "After growing by 0.5% in 2019 Q1, GDP is expected to have been flat in Q2... reflecting both the impact of intensifying Brexit-related ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... inflation to within central bank targets, what more now that growth around the world is decelerating. Note: the People's Bank of China's inflation target is 3.0%; the Fed uses the PCE price index measure as its inflation gauge (1.4% in the year ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... hat trick! Three central bank meetings, all three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This is bigger than ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... equity markets around the globe down, lopping A$53 billion off the Australian equity market on the same day the Reserve Bank of Australia (RBA) held its August board meeting. As expected, the RBA kept interest rates on hold at 1% following its back-to-back ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... and, for sure and for certain, it's gonna irritate Trump. Financial markets were shell-shocked after the 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 ...

NAB Asset Management hires insto director

JAMIE WILLIAMSON  |  TUESDAY, 30 JUL 2019
... was with the fund manager for close to nine years. He has also previously held roles with Hastings Funds Management and Bank of Ireland Global Markets. In March, JCP Investment Partners confirmed it was closing its doors and progressively winding down ...