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Showing 1 - 10 of 100+ results for "Philip Lowe"

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... postpone the reduction of its government bond purchases after "early September" (see third bullet point). RBA governor Philip Lowe and Co.'s decision was backed by their rosy outlook on the economy despite the recent outbreak of the Delta variant ...

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
The Reserve Bank of Australia's (RBA) May the fourth Board meeting would have been a ho-hum event had it not been for the month of July. As expected, the RBA left monetary policy settings unchanged - "including the targets of 10 basis points for ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
Latest inflation figures released by the Australian Bureau of Statistics (ABS) underscore both the Reserve Bank of Australia's prescience and governor Philip Lowe's expectation that the official cash rate will remain low until at least 2024. ...

Chief economist update: RBA promises support over the next three years

BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
"Come on, Barbie, let's go party"... until 2024. In Reserve Bank of Australia (RBA) parlance: "The board is committed to maintaining highly supportive monetary conditions until its goals are achieved. The board will not increase the cash rate until ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... taking no chances. In his recent remarks to the Melbourne Business Analytics Conference on March 15, RBA governor Philip Lowe, stressed that: "The RBA is doing what it can to support the recovery from the pandemic and will maintain that support until ...

Economic recovery has been stronger than expected: Lowe

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
... economic recovery has been quicker and stronger than expected, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking at the Melbourne Business Analytics conference, Lowe stated that while there are still challenges facing the nation ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... coming before savings return to its 30-year average of 5.1% Of course, as Reserve Bank of Australia (RBA) governor Philip Lowe warned in his statement following the conclusion of the bank's March 2 meeting, "the path ahead is likely to remain bumpy ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... 520,000 companies have stopped receiving the payments as their trade recovers." Even Reserve Bank of Australia boss Philip Lowe has given his nod to not keeping JobKeeper: "Given the recovery of the economy, I can understand why the government wants ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
The Reserve Bank of Australia (RBA) painted a pretty picture of the Australian economy in its first board meeting for 2021. RBA governor Philip Lowe's statement at the conclusion of the Australian central bank's February meeting was optimistic ...

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... jobless rate goes down. This was repeated at the final meeting of the RBA board in December 2020, where RBA governor Philip Lowe said the central bank was prepared to do more in helping the government with rebuilding the Australian economy. "At its future ...
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