Tag Archives: interestrates

Don’t miss 16 June Brisbane speech by RBA Deputy Governor Philip Lowe, the Bank’s next Governor

At a lunchtime event at Tattersall’s Club in Brisbane yesterday, after he predicted another interest rate cut this year in either June or August, Dr Chris Caton, BT’s Chief Economist, noted that “Interest rate changes are like cockroaches.” That is, … Continue reading

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Exciting week for economy watchers: State of the States, a possible rate cut, and the Budget

CommSec’s latest State of the States Report is out today, and, while I think its placement of Queensland in around the middle of Australia’s States and Territories (5th out of 8) is reasonable, I have some sympathy for Queensland Treasurer … Continue reading

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Upcoming CPA Australia NFP conference

The discouraging January labour force data released by the ABS yesterday make the economic outlook even more interesting, and Adam Creighton from The Australian is certainly correct that the weak labour market, which saw an increase in the national unemployment … Continue reading

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What I’m reading – Bernanke’s Courage to Act

One of my favourite passages in Ben Bernanke’s memoir of the financial crisis and its aftermath, The Courage to Act, describes how, on the way to the Federal Reserve building to deal with the imploding Bear Stearns, Bernanke takes the … Continue reading

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RBA to address ESA Qld seminar on recent labour market developments

As Australia has experienced below-trend economic growth recently, and the unemployment rate has crept up to around 6 per cent, reducing the bargaining power of employees, wages growth has fallen (chart above). This in turn has contributed to relatively low … Continue reading

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Nice words from Chris Joye in the AFR regarding my question to the RBA Governor

Leading financial economist Chris Joye has written a great piece in the Australian Financial Review on the issue of how long interest rates may stay at the very low levels they are now (RBA’s Glenn Stevens wrong on low rates … Continue reading

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RBA should leave fiscal policy advice to the Treasury

RBA Governor Glenn Stevens gave an odd speech in Brisbane yesterday, in which he more-or-less suggested the federal Government should try to offset the demand shock from the end of the mining boom with expanded infrastructure investment, and that now … Continue reading

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