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Showing 81 - 90 of 163 results for "Household spending"

Chief economist update: Australia low on credit

BENJAMIN ONG  |  THURSDAY, 1 MAR 2018
... since 2009 (excluding the June 2017 quarter). Sluggish wages and disposable income growth don't bode well for household spending. More so, if you factor in low household savings. Australia's household savings ratio nudged up to 3.2% in the September ...

Chief economist update: RBA stuck in slow inflation lane

BENJAMIN ONG  |  THURSDAY, 1 FEB 2018
... Monetary Policy', the RBA stated that, "expectations for low real wage growth remain a key downside risk for household spending". Not only this, whatever household spending is left would be likely be spent on cheaper imports, thanks to the Australian ...

Pre-Christmas delivery

BENJAMIN ONG  |  THURSDAY, 21 DEC 2017
... rate hikes next year and in 2019. However, the passage of the tax cuts (and its expected boost to business and household spending) would undoubtedly lead to a demand-driven lift inflationary pressure that could force the Fed's hands into a more aggressive ...

America is full

BENJAMIN ONG  |  MONDAY, 11 DEC 2017
... transitory, one rate hike more than necessary could send inflation expectations lower and with them, deferred household spending as consumers anticipate lower prices in the future and content with their slim pay increases as long as they're higher than ...

A case for faster wages growth (or not)

BENJAMIN ONG  |  WEDNESDAY, 6 DEC 2017
... with the necessary skills" that should eventually spill over to the rest of the working population, lifting household spending and aiding in the reduction of household debt. The latest AiG performance indices offer good tidings, i.e. further improvement ...

OECD tells RBA to take a hike

BENJAMIN ONG  |  WEDNESDAY, 29 NOV 2017
... Continued low inflation means continued sluggish wage growth (by virtue of CPI indexation) and further reduction in household spending. It's still about seven months until the "advised" rate hike. Anything can still happen, the OECD and the RBA's forecasts ...

Where in the cycle is Australia?

BENJAMIN ONG  |  FRIDAY, 17 NOV 2017
... debt do not provide good indications for that which accounts for around a third of the Australian economy - household spending. Indeed, the annual growth in retail sales, down to 1.4% September, had been decelerating over the past four months. Wages ...

The BOJ's boring Halloween

BENJAMIN ONG  |  WEDNESDAY, 1 NOV 2017
... January 2014. We now know what happened after the consumption tax was raised from 5% to 8% on 1 April 2014 - household spending dropped, the economy sank into recession ensued and deflation returned -- a repeat of the 1997 episode when the tax on consumption ...

Surefire Melbourne Cup bet

BENJAMIN ONG  |  MONDAY, 30 OCT 2017
... weighted median, no pick up at 1.9% -- remains below the lower end of the RBA's 2%-3% target band, indicating that household spending isn't strong enough to generate demand-pull inflation. Sweeter still (again not for the RBA) is deputy governor Guy ...

Go ahead BOE, make my day

BENJAMIN ONG  |  WEDNESDAY, 18 OCT 2017
... (2.1% in July) need to increase at the same 3% rate of headline CPI inflation just to keep up and maintain household spending levels. To be sure, there is the risk that an imminent rate hike would slow wages growth but at this stage in the UK economic ...