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Economics

Fed buys up BlackRock ETFs

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
BlackRock has emerged as the biggest winner of the US Federal Reserve's corporate bond buying program, with its ETFs making up around half of the central bank's purchases.

Chief economist update: What to expect when you're expecting

BENJAMIN ONG  |  TUESDAY, 2 JUN 2020
The Reserve Bank of Australia's (RBA) policy decision - to be announced this afternoon - will only confirm what everyone is expecting. RBA Governor Philip Lowe and his board will keep Australia's monetary policy settings unchanged.

Wage growth, not wage cuts

ALLY SELBY  |  FRIDAY, 29 MAY 2020
With wage cuts across the country and wage rises likely off the table, a former senior public servant and academic has pressed the case for wage growth instead.

Red tape to slow recovery: Lowe

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
Reserve Bank of Australia governor Philip Lowe has called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy.

Chief economist update: Better than all the rest

BENJAMIN ONG  |  FRIDAY, 29 MAY 2020
RBA governor Philip Lowe has told the Senate Select Committee it's possible the economic downturn won't be as severe for Australia as previously thought, but there will still be a shadow cast by the pandemic.

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
The European Commission has proposed a major recovery plan, but the more fiscally responsible member nations aren't convinced they should have to bail out their more indebted neighbours.

Chief economist update: V could still become W

BENJAMIN ONG  |  WEDNESDAY, 27 MAY 2020
Be wary that continued gains in the equity markets could be reversed if the easing of lockdown rules and social isolation measures brings about a second wave of infection.

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
Japan's state of emergency was declared over yesterday and it couldn't have come soon enough.

Chief economist update: Hong Kong is ours

BENJAMIN ONG  |  MONDAY, 25 MAY 2020
The COVID-19 pandemic was both a curse and a blessing (for lack of a better word) for China's Politburo. The lockdown sent the economy plummeting, but it also halted the long-running protests in Hong Kong.

House prices expected to tumble

ELIZA BAVIN  |  FRIDAY, 22 MAY 2020
HSBC has warned Australian house prices could fall as much as 12% in 2021 as the fallout from the COVID-19 pandemic continues.