Tag Archives: monetarypolicy

Global stagflation risk increasing – my latest podcast episode

Posted on June 11, 2022 by Gene Tunny

Earlier this week, the World Bank cut its global economic growth forecast and warned of the risk of 1970s-type global stagflation, with a coincidence of high inflation and low growth and high unemployment. I had already decided to cover stagflation … Continue reading →

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RBA is copying the Fed as Michael Knox forecast

Posted on June 7, 2022 by Gene Tunny

In my previous post, I discussed my latest podcast chat with Morgans Chief Economist Michael Knox who forecast the RBA would today increase the cash rate to 0.85%, as it did. As Michael noted, the RBA has been copying the … Continue reading →

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RBA’s next move: 25, 40, or 50 basis points? Michael Knox says 50 on Economics Explored

Posted on June 4, 2022 by Gene Tunny

Next Tuesday, the RBA will increase the cash rate again, but it’s uncertain by just how much. Reuters is reporting RBA to raise rates a modest 25 bps in June, some call for 40 bps, where bps stands for basis … Continue reading →

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Economic update: interest rates, monetary policy, fiscal policy, and coal prices

Posted on May 7, 2022 by Gene Tunny

The election debate would benefit from a clear understanding of the factors affecting interest rates, now that the RBA has increased the cash rate from the “emergency level” of 0.1%, practically the lowest it could go, to the still extraordinarily … Continue reading →

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Livestream featuring US jobless claims, Aussie GDP + farewell to Tony Makin

Posted on December 3, 2021 by Gene Tunny

I did a livestream earlier today with my regular co-host Tim Hughes on the latest economic news of the week, including the latest US initial jobless claims confirming a strong US economy, the impact of the omicron COVID-variant on equity … Continue reading →

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RBA would be right to taper its Quantitative Easing program

Posted on July 5, 2021 by Gene Tunny

There’s a nice article by William McInnes in today’s Financial Review, Economists expect RBA to ease stimulus, which begins:  Economists expect Tuesday’s Reserve Bank board meeting to acknowledge the economy’s surprisingly strong recovery and to signal some tapering of its … Continue reading →

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Podcast chat with Nicholas Gruen on freeing fiscal policy from political tinkering

Posted on April 2, 2021 by Gene Tunny

The latest episode of my Economics Explored podcast features a conversation I had earlier this week with Nicholas Gruen of Lateral Economics regarding his recent Financial Times opinion piece on the need for an independent fiscal policy advisory body. In … Continue reading →

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Interest rates and inflation with Michael Knox, Chief Economist of Morgans

Posted on February 20, 2021 by Gene Tunny

Jonathan Shapiro has an interesting article in the Financial Review, Why the market has suddenly woken up to inflation, in which he writes: …the lower-for-longer [interest rates] doubters are re-emerging. They believe deliberately slow-to-act central banks in the US and … Continue reading →

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Most houses approved in one month in Qld since time of high interstate migration in 90s

Posted on February 3, 2021 by Gene Tunny

The Housing Industry Association was quick to proclaim Detached Building Approvals Reach Record High after the ABS published the December building approvals data today. “Detached building approvals” are approvals for houses, as opposed to approvals for apartments or townhouses. Obviously, … Continue reading →

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RBA Governor Lowe does Treasurer Dick a favour in lead up to 1 December Qld Budget

Posted on November 4, 2020 by Gene Tunny

Queensland Treasurer Cameron Dick is facing a tough challenge developing the COVID-recession-ravaged state budget, but the Reserve Bank of Australia will make his task a little bit easier with its new round of Quantitative Easing, by which it purchases Australian … Continue reading →

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