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Showing 1 - 10 of 167 results for "Governor Glenn"

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... then 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 ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... except blow a bubble into the stock and property markets (which would create a new set of problems). In ex-RBA governor Glenn Stevens' parlance, the RBA has allowed the horse to come to the water of cheap funding, but it still refuses to drink. Certainly ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... cash rate 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 ...

Chief economist update: Lower rates still fail to animate

BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
... persistent 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 ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... being 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 ...

Chief economist update: Australia's low(er)-flation

BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
... the 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
... (RBA) 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 ...

Chief economist update: A pretty picture of the labour market

BENJAMIN ONG  |  FRIDAY, 20 JUL 2018
... would rise and be sustained at its 2%-3% target. For this to happen, wages growth has to lift. 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: A prelude to an RBA cut?

BENJAMIN ONG  |  WEDNESDAY, 6 JUN 2018
... being lowered to 2.25% on February 2015. The RBA doesn'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 ...

Capex brings cheer

BENJAMIN ONG  |  FRIDAY, 1 DEC 2017
... can't. I've allowed the horse to come to the water with cheap funding. I can't make it drink." This was then RBA governor Glenn Stevens' statement to the House of Representatives Standing Committee on Economics in his August 2014 testimony. His frustration ...
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