A December lift if...
BENJAMIN ONG  |  THURSDAY, 5 NOV 2015
"What the committee has been expecting is that the economy will continue to grow at a pace that's sufficient to generate further improvements to the labor market and to return inflation to our 2 percent target over the medium term."
Good tidings sway RBA to stay
BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2015
Well, 'twas a coin flip anyway - the rationales for a cut was equally rational as those for a no cut - so no blame all around.
Pick a number
BENJAMIN ONG  |  TUESDAY, 3 NOV 2015
Australia, after all, is one of the few economies where monetary policy has not been corrupted by "non-conventional" policies to date ... so the 'Taylor Rule' should still work.
Rusting still
BENJAMIN ONG  |  MONDAY, 2 NOV 2015
The direction of iron ore prices is largely tied to outlook for China's economy - the world's largest consumer of the commodity.
Six point five is PM Li's new like
BENJAMIN ONG  |  FRIDAY, 30 OCT 2015
"The nation needs annual growth of at least 6.53 per cent in the next five years to meet the government's goal of establishing a "moderately prosperous society".
December lift-off, yeah, sure
BENJAMIN ONG  |  THURSDAY, 29 OCT 2015
For those of us watching the data, the data says no to December ... unless things dramatically turn around, that is.
Not this year
BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2015
While financial markets have stabilised, last week's policy surprise announcements from the ECB and the PBOC - a potential BOJ surprise this coming Friday would no longer be surprise - provide a just-in-time reminder that all's not well in the world outside ...
Hotel California
BENJAMIN ONG  |  TUESDAY, 27 OCT 2015
A dovish statement from the Fed could weaken the US dollar - i.e. strengthen the euro and the yen and other currencies - necessitating even more stimulus from other central banks and then we go round and round "like a circle in a spiral, like a wheel ...
Santa Mario brings cheers
BENJAMIN ONG  |  FRIDAY, 23 OCT 2015
"The degree of monetary-policy accommodation will need to be reviewed at our December meeting when new macroeconomic projections will be available. We want to be vigilant, as people used to say in the old times."
Sunrise, sunset
BENJAMIN ONG  |  THURSDAY, 22 OCT 2015
Economic activity had been deteriorating - increasing the risk of another recession -- that it has raised expectations that the BOJ provide more accommodation, perhaps, as soon as its next Board meeting on 30 October.
Link to something hAAcE6ao