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Search ResultsShowing 1 - 10 of 100+ results for "Glenn Stevens"
Chief economist update: Aussie employment rises... but so does our unemployment rate
BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
The Australian Bureau of Statistics' (ABS) reported that the economy added 13,500 jobs in January - more than market expectations for an increase of 10,000 - with the creation of 46,200 full-time positions more than offsetting the termination of ...
Chief economist update: Businesses remain unmoved by low rates
BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... to a record low 0.75%; and the government tax rebates implemented in July. Five years earlier, then RBA governor Glenn Stevens declared that: "I've allowed the horse to come to the water of cheap funding, I can't make it drink" after cutting ...
Chief economist update: Lower rates still fail to animate
BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
... weakness in household spending (due to the high level of household indebtedness), perhaps not. Former RBA governor Glenn Stevens had already spoke about this way back in 2014 (mind you, that was before Trump and his trade wars and after he cut interest ...
Chief economist update: Beam us up Scotty
BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... helps explain the seeming impotence of the RBA's rate cuts so far - from five years ago when then RBA chief Glenn Stevens declared that, "I've allowed the horse to come to the water of cheap funding, I can't make it drink". And it's still ...
Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too
BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... the recommendations of the Royal Commission. The RBA (under Lowe) suffers from the same impotence the RBA under Glenn Stevens did during his term in office - perhaps, much greater, to the point that the ex-RBA chief was forced to declare: "I have allowed ...
Chief economist update: RBA to take rates to fresh record low
BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
Reserve Bank of Australia (RBA) governor Philip Lowe provided the clearest indication yet that the Australian central bank is poised to cut interest rates, potentially at its June 4 meeting. The transcript of Lowe's speech - titled 'The Economic ...
Chief economist update: Low unemployment, low wages growth conundrum
BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
"Annual wages in seasonally adjusted terms grew 2.3% for the third quarter in a row. The main contributors to growth over the quarter were regularly scheduled wage rises in the health care and social assistance and education and training industries ...
Chief economist update: Inflation is dead
BENJAMIN ONG  |  MONDAY, 29 APR 2019
Those were the days my friends, we thought would never end ... but they ended. The days when measured inflation would go from minus 3% to plus 14%, give or take, back in the grim old days from the 1950s to the late 1980s are no more. Back then the monetarists ...
Chief economist update: RBA still in denial
BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... lowered to 2.25% on February 2015. The RBA don't meet in January but the statement issued by then RBA Governor Glenn Stevens on December 2014 talked about moderate pace in the global economy, accommodative global financial conditions and "In Australia ...
Chief economist update: Australia's low(er)-flation
BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
Will the next move in the official cash rate, as Reserve Bank of Australia (RBA) Governor Philip Lowe put it, likely "be up, rather than down"? To answer this, we have to look at the RBA's mandate of full employment and meeting an "agreed medium-term ...
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