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Showing 1 - 10 of 24 results for "May Board"

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... government could even decide to loosen its budget spending. And then, there's the Reserve Bank of Australia (RBA). At its May Board meeting, it hinted that it could start tapering its bond purchases in July. This now, to a certain extent, hinges ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... maintained the existing LSAP programme, and retained the existing Funding for Lending Programme (FLP) conditions at its 26 May Board meeting. Same old, same old. The central bank notes that: "The improvement in global and domestic economic indicators... ...

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
... meeting. Understandably, another interest rate reduction only a month after it handed out a 25 basis point cut at its May board meeting could be counter-productive, indicating a sense of urgency (if not, panic) on the domestic economic outlook. Then ...

Chief economist update: RBA to take rates to fresh record low

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
... and Monetary Policy' - delivered to the Economic Society of Australia on May 21 concluded with a reference to the May board meeting and the RBA's thinking going into June deliberations. "At that meeting, we discussed a scenario in which there ...

Chief economist update: June RBA rate cut not a sure bet

BENJAMIN ONG  |  FRIDAY, 17 MAY 2019
... Australia's employment report has become a focal point for the RBA and the financial markets. It told us so at its May board meeting, stating: "The board will be paying close attention to developments in the labour market at its upcoming meetings." ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
... 1.6% - heading farther away from the RBA's inflation target. Then again, and as the RBA statement indicated at its May board meeting, the Australian central bank's bias is tilted towards the relatively low unemployment rate than below-target ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
Nothing. Nada. Zilch. Despite high expectations that it would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its ...

Chief economist update: RBA not cruising for a bruising

BENJAMIN ONG  |  THURSDAY, 21 JUN 2018
... many of his recent speeches, the statement was even inked in black and white in the minutes of the RBA's April and May Board meetings but come June, it was no more. Could it be that the RBA has read about Financial Standard's piece " A prelude ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 16 JUN 2016
... 103.18 (in response to the Reserve Bank of Australia's 25 basis point interest rate reduction announced after its 3 May Board meeting). According to Westpac chief economist, the dip in confidence is "a fairly common pattern following an interest rate-driven ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 8 JUN 2016
... the RBI from reducing interest rates some more. The RBI kept its benchmark repo rate unchanged at 6.5% following its 7 May Board meeting, noting that the, "...inflation surprise in the April reading makes the future trajectory of inflation somewhat more ...
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