Search ResultsShowing 1 - 10 of 100+ results for "Glenn Stevens"
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
... 2.6%, in the fourth and third quarters of last year, respectively. This doesn't bode well for inflation. Recall Glenn Stevens' declaration when he was at the helm of the RBA: "As wages are the largest component of business costs, the outlook ...
Chief economist update: Low unemployment, low wages growth conundrum
BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
... quarters of last year, respectively. The continued lacklustre growth in wages bodes negatively for inflation. Recall Glenn Stevens' declaration when he was at the helm of the RBA: "As wages are the largest component of business costs, the outlook ...
Chief economist update: Inflation is dead
BENJAMIN ONG  |  MONDAY, 29 APR 2019
... year to the December 2018 quarter is just a fraction of the 4.0%-4.5% annual rate registered in the 1990s. Recall Glenn Stevens' declaration when at the helm of the RBA: "As wages are the largest component of business costs, the outlook for wage ...
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
... coming quarters. It'll be hard for inflation to pick up until wages growth picks-up. Recall former RBA Governor Glenn Stevens' words: "As wages are the largest component of business costs, the outlook for wage growth is particularly important ...
Chief economist update: Inflation genie still inside the box
BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... 2%-3% target band. Inflation would find it hard to pick up until wages growth picks-up. Recall former RBA Governor Glenn Stevens' words: "As wages are the largest component of business costs, the outlook for wage growth is particularly important ...
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