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Economics

Chief economist update: Little market reaction from BOJ tweak

BENJAMIN ONG  |  FRIDAY, 24 AUG 2018
It may still be early days but the Bank of Japan's "tweaking" of monetary policy appears to have done nothing significant for the yen and the Nikkei-225 so far.

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
The inflow of UK indicators post the BOE's meeting showed that Governor Carney was correct not to wait.

Chief economist update: A new currency is born

BENJAMIN ONG  |  TUESDAY, 21 AUG 2018
Consumer prices in Venezuela soared to 82,766% in the year to July, making the previous month's 46,305% jump in prices look very tame.

Chief economist update: Submerging markets

BENJAMIN ONG  |  MONDAY, 20 AUG 2018
The sharp depreciation in many emerging market currencies this year to date is both a testament to funds flowing out of emerging markets and a forward indication of more downward pressure on their respective equity markets.

Chief economist update: Don't mind the gap

BENJAMIN ONG  |  FRIDAY, 17 AUG 2018
Australia's unemployment rate of 5.3% matches exactly the OECD's estimate of Australia's non-accelerating inflation rate of unemployment.

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
Australian growth in real wages - nominal wages growth less headline inflation - has now dropped to a whopping 0% in the June quarter from a teenie-weenie growth of 0.1% in the previous three-month period.

Chief economist update: Small business is big business

BENJAMIN ONG  |  WEDNESDAY, 15 AUG 2018
Now the second longest US small business expansion in history, Main Street is set to push this expansion to a new record by adding a super-charged era of growth.

Chief economist update: Emerging markets feel the heat as Turkey burns

BENJAMIN ONG  |  TUESDAY, 14 AUG 2018
While these estimated losses remain relatively small, it's not hard to extrapolate that many more governments, banks and credit institutions could be caught up if the Turkish crisis spills over and continues to engulf emerging markets.

Chief economist update: Turkey's roasted

BENJAMIN ONG  |  MONDAY, 13 AUG 2018
It would have been so easy to ignore the developing crisis in Turkey were it not for the problem of contagion.

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
The slowing trend in New Zealand's economic growth, erosion in business confidence and potential for higher unemployment do not augur well for inflation.