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Showing 1 - 10 of 27 results for "March meeting"

Economists react to latest RBA rate decision

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
In its March meeting, the Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.35%, as predicted by nearly all economists. HSBC chief economist Paul Bloxham stated that the decision was in line with expectations and that there are risks ...

RBA hikes interest rates to 10-year high, flags further increases

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... its course, the RBA isn't finished yet. "The RBA will raise the cash rate another 25 basis points to 3.6% at its March meeting, and while we acknowledge there is a chance of a pause at this juncture, so long as the labour market continues to pose a threat ...

Chief economist update: Fourth wave threatens Olympics, growth outlook

BENJAMIN ONG  |  THURSDAY, 8 APR 2021
... earnings remained 0.3% in the year to February. The Bank of Japan (BOJ) kept monetary policy settings unchanged at its March meeting and despite its optimism, declared that "the current monetary easing should be continued for a long time". Or it could ...

Chief economist update: BOJ has no plans to ease easing

BENJAMIN ONG  |  TUESDAY, 30 MAR 2021
The Bank of Japan (BOJ) kept monetary policy settings at its March meeting - short-term key interest rate at minus 0.1% and the target for the 10-year Japanese government bond yield at around 0%. It also pledged that it "will continue with Quantitative ...

Chief economist update: Japan to double down on stimulus?

BENJAMIN ONG  |  MONDAY, 15 MAR 2021
... target. It's not surprising, therefore, that the BOJ is reported to conduct a review of its policy tools at its March meeting to make its pandemic stimulus programme more "sustainable and effective". As per Reuters: "BOJ Deputy Governor Masayoshi ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... it will announce further policy measures to support the economy on Thursday this week. The RBA cut rates at its March meeting and it is not yet known whether another cut will be made at the April meeting. In Australia, the RBA cut rates at its March ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... infrastructure investment worth at least £30 billion (US$58.4 billion). Although it kept interest rates unchanged at its March meeting, the European Central Bank (ECB) expanded its asset purchases by €120B until end-2020, as well as announcing "more ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... response is underway. The RBA cut the official cash rate by 25 basis points to a new record low of 0.50% at its 3 March meeting "to support the economy as it responds to the global coronavirus outbreak". In his published statement, Governor Philip Lowe ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... While eight out of 17 Fed officials (majority) still sees rates on hold this year, this has come down from 11 at the March meeting - with four expecting one rate hike in 2019 and two predicting two rate increases and no one was imagining a rate cut. ...

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
... decade ago. So what gives? US Federal Reserve Chairman Jerome Powell at his press conference after the FOMC's March meeting. Powell warned below-target inflation is "one of the major challenges of our time", saying: "That's something that central ...
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