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Economics

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
Equity markets everywhere may not be climbing in a straight line, but they are climbing.

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
This year to date, the AUD has risen by 2.0% against the greenback to US$0.7178 and by 0.5% on the TWI to 63.44.

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
Lower global growth translates into less demand for oil. So why are crude oil prices rallying?

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
The Bank of Japan says the yen's strength is having an impact on the economy and prices.

Chief economist update: EUr next

BENJAMIN ONG  |  WEDNESDAY, 10 APR 2019
Trump's now trained his crosshairs on the European Union. Make no mistake, this is not an empty threat. Trump will follow through.

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
It appears nothing is normal with the Fed's march toward normalising monetary policy.

Chief economist update: Aussie property price falls become self-fulfilling

BENJAMIN ONG  |  MONDAY, 8 APR 2019
The continued decline in property will have flow-on effects on those providing ancillary services to the sector, not to mention the hit to optimism by the negative wealth effect from falling housing prices.

Chief economist update: ECB digs deeper

BENJAMIN ONG  |  FRIDAY, 5 APR 2019
The ECB is again thinking of new "instruments to deliver on our mandate" even before TLTRO-III becomes operational starting in September this year.

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
At its last monetary policy committee meeting, the BOE voted unanimously to keep the Bank Rate unchanged and maintain bond purchases at £435 billion, declaring its future actions would largely depend on Brexit. It may have to wait a while longer now.

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
Wayne Swan, Chris Bowen, Joe Hockey all promised surpluses but failed - all because events didn't live up to assumptions.