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Coronavirus News

Chief economist update: Rents under covid

BENJAMIN ONG  |  MONDAY, 28 SEP 2020
The COVID-19 pandemic is an unprecedented shock to the rental housing market, reducing demand for rental properties at the same time as supply has increased, according to the RBA.

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
Federal Treasurer Josh Frydenberg said the medium-term effects of COVID-19 have made it necessary to recalibrate the government's fiscal strategy ahead of the budget release.

Chief economist update: UK's winter of discontent

BENJAMIN ONG  |  FRIDAY, 25 SEP 2020
The gains made in containing coronavirus infections are wasted. Not only that, it's gonna cost more.

Many who accessed ERS unsure of impact: Research

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.

Chief economist update: October rate cut?

BENJAMIN ONG  |  THURSDAY, 24 SEP 2020
Will the RBA cut interest rates next week as Westpac chief economist Bill Evans has led financial markets to believe?

Retail fund satisfaction drops

ELIZA BAVIN  |  WEDNESDAY, 23 SEP 2020
Customer satisfaction will retail funds fell by 2.5% while satisfaction in industry funds rose 0.2%, according to new data from Roy Morgan's Superannuation Satisfaction Report.

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
Reserve Bank of Australia deputy governor Guy Debelle address at the Australian Industry Group's virtual conference yesterday sparked a second wave - a second wave of negative interest rate speculation, that is.

Chief economist update: Dan defeats second wave

BENJAMIN ONG  |  TUESDAY, 22 SEP 2020
Harsh as it may be, the resurgence of cases of coronavirus infections in Europe supports Dan Andrews' cautious approach towards re-opening.

Chief economist update: Yoshihide and the yen

BENJAMIN ONG  |  MONDAY, 21 SEP 2020
In addition to eroding Japan's export competitiveness and dragging growth, a higher yen - spurred by a European second wave - could put downward pressure on the nation's already very low/negative inflation.

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 18 SEP 2020
It wasn't supposed to go this way. Given the lockdown in Melbourne and most closed-border policy in most states, financial markets and economists were correct in expecting further deterioration in the domestic labour market. But they were wrong.