Search ResultsShowing 1 - 10 of 100+ results for "Philip Lowe"
RBA expands stimulus measures to states
ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... exchange settlement balances at 10 basis points instead of zero. When announcing the quantitative measures RBA governor Philip Lowe said that while COVID-19 is a public health issue, the bank was compelled to step-in due to the "very major" impact the ...
RBA pulls QE trigger
ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... and remunerating exchange settlement balances at 10 basis points instead of zero. The move comes after RBA governor Philip Lowe announced on Monday the bank was standing ready "to purchase Australian government bonds". Lowe said that while COVID-19 is ...
US turns to QE, RBA to follow
ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... central bank to start implementing more drastic measures to offset the economic impact of the virus. RBA governor Philip Lowe said the central bank "stands ready to purchase Australian government bonds." Lowe made the announcement on Monday, following ...
Chief economist update: Australia's gentle turning point to turn
BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
Well, what do you know? Reserve Bank governor Philip Lowe had been right all along in his claim that, "the Australian economy appears to have reached a gentle turning point". The latest Australian National Accounts proved the truth in Lowe's statement. ...
Chief economist update: Welcome to the day after tomorrow
BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... "to support the economy as it responds to the global coronavirus outbreak". In his published statement, Governor Philip Lowe declared that: "The coronavirus has clouded the near-term outlook for the global economy and means that global growth in the ...
Chief economist update: Aussie employment rises... but so does our unemployment rate
BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... in plants, equipment or staff if it there's risk of weakening activity ahead. Then again, as present RBA head Philip Lowe stated after its third rate cut in October last year: "At low interest rates, many investments that didn't make sense at ...
Chief economist update: Australians not confident enough
BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
Latest surveys show an improvement in Australian consumer and business confidence despite concerns over the impact of the bushfires, floods and the coronavirus. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February ...
Chief economist update: Lowe puts Australia on high
BENJAMIN ONG  |  MONDAY, 10 FEB 2020
Drought, bushfires, coronavirus are among the risks Reserve Bank of Australia governor Philip Lowe nominated when he testified before the House of Representatives Standing Committee on Economics on the February 7. One day later, and Lowe would have ...
Lowe snaps back at critics
ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
RBA governor Philip Lowe has rejected concerns that the bank's decision to cut interest rates last year dented consumer confidence and impacted weak consumer growth. Speaking at the National Press Club, Lowe said that while he understands having rates ...
Chief economist update: More jobs dull rate cut bets
BENJAMIN ONG  |  FRIDAY, 20 DEC 2019
'twas a good present for the Australian economy (and just in time to bring Christmas cheer) but the equity market didn't like it. The S&P/ASX 200 index closed 0.3% lower after the Australian Bureau of Statistics (ABS) released the latest update ...
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