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Showing 1 - 10 of 100+ results for "Glenn Stevens"

Top economist Don Stammer to fund UNE scholarship

MICHELLE BALTAZAR  |  FRIDAY, 16 JUL 2021
... department of the Reserve Bank of Australia. The same year, I recruited a talented young graduate of Sydney University, Glenn Stevens," Stammer said. "I had no role in their later appointments to the position of governor - but in my view, each provided ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... again to 1.5% in August of the same year. Eighteen months on -- the time back in August 2014 when then RBA governor Glenn Stevens told the House of Representatives Standing Committee on Economics that he has done enough: "You can't make people be ...

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 ...
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