Tag Archives: rba

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 →

Posted in Macroeconomy | Tagged , , , , , , , , , , | Leave a comment

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 →

Posted in Macroeconomy | Tagged , , , , , , , | Leave a comment

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 →

Posted in Labour market, Macroeconomy | Tagged , , , , , , , , , , | Leave a comment

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 →

Posted in Macroeconomy | Tagged , , , , , , , , , , | Leave a comment

Housing lending remains at super high levels

Posted on March 1, 2022 by Gene Tunny

First, my thoughts go out to all those affected by the recent flooding in Queensland and northern NSW. The intensity of the rainfall was extraordinary – in Brisbane, 80% of a full year’s rain in a few days reportedly. While, … Continue reading →

Posted in Housing, Macroeconomy | Tagged , , , , , , , , , | Leave a comment

Inflation & interest rates chat with 4BC’s Scott Emerson

Posted on January 26, 2022 by Gene Tunny

Yesterday afternoon I had a quick chat with Scott Emerson on his 4BC Drive program about the accelerating CPI inflation revealed by the ABS yesterday (see chart above) and what it means for interest rates, with bank chief economists now … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , | Leave a comment

PM calls jobs boom, RBA warns of crypto crash, and UK inflation highest in 10 years – upcoming livestream

Posted on November 19, 2021 by Gene Tunny

As I’ve been covering on QEW and will discuss on today’s livestream (link above), there’s a lot of exuberance and optimism about the great Aussie reopening, and PM Scott Morrison has forecast a “jobs boom” based on healthy job vacancies … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , , | Leave a comment

Young Economists to debate housing affordability measures

Posted on September 10, 2021 by Gene Tunny

There is an interesting upcoming online debate on measures designed to improve housing affordability among young economists on Thursday 16 September 2021, to be hosted by the Young Economists Network of the Economic Society of Australia (ESA). Here’s the blurb:  … Continue reading →

Posted in Housing | Tagged , , , , , | Leave a comment

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 →

Posted in Macroeconomy | Tagged , , , , , , , , , , | 2 Comments

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 →

Posted in Macroeconomy | Tagged , , , , , , , , , , | Leave a comment