Economics
Chief economist update: Greater than the Great Recession of 2008
BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
You know the world's in trouble when the Fed starts contemplating negative interest rates and then some.
Chief economist update: Global easing
BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
The Reserve Bank of Australia would have to fight rate cuts with rate cuts if it is to preserve the Australian dollar's competitiveness and mitigate the headwinds from a slowing global economy ... even if it means taking the official cash rate to zer
Chief economist update: The UK is not OK
BENJAMIN ONG  |  MONDAY, 12 AUG 2019
Continuing deterioration in the UK's economic fundamentals has ignited rate cut speculations. But with the Bank Rate at 0.75% and QE still in place, it's not the liquidity and the cost of borrowing that's the problem.
Chief economist update: Bonds do the limbo rock
BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
Be afraid, be very afraid. A great number of investors are buying into the relative safety of long-term government bonds despite their dwindling yields and perversely paying interest to lend to the government.
Chief economist update: Race to the bottom redux
BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
It's a hat trick! Three central bank meetings, all three cut interest rates, all three policy decisions a surprise.
Chief economist update: RBA heading to zero
BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
As expected, the RBA kept interest rates on hold at 1% following its back-to-back cuts in June and July. However, financial markets still expect another cut come November.
Chief economist update: Look out below
BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
It appears Trump has pushed China back so hard against the wall it's now upping the ante.
Chief economist update: Fed cut and Trump's war
BENJAMIN ONG  |  MONDAY, 5 AUG 2019
Almost all central banks' statements allude to the ongoing Sino-US trade skirmish as one of the major risks to their respective domestic economic outlook.
RBA in no rush to lift cash rate
KANIKA SOOD  |  FRIDAY, 26 JUL 2019
Investors should brace for the 1% cash rate environment to continue, after Reserve Bank of Australia governor Philip Lowe turned the spotlight to the stubborn inflation rates at a Sydney lunch yesterday.
Chief economist update: Don't buy a Big Mac in America
BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
As per the data, a Big Mac costs US$5.74. Let's compare this with the countries included in the US Department of Treasury's Monitoring List.
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