Heise Says
#RBA #RateCut #CashRate Another RBA rate cut is predicted, will it help the economy or has monetary policy depleted its effectiveness? References Just how much of the RBA rate cut will end up in your pocket? https://www.abc.net.au/news/2019-09-29/full-rba-cut-will-not-be-passed-on-by-banks-what-will-you-get/11547510?section=business
#Economy #NegativeInterestRates #RBA Talk of Negative interest rates is appearing more frequently in Australia media. References Reserve Bank may slash rates to 0.25 per cent, but ‘reluctant’ to dip into negative territory https://www.abc.net.au/news/2019-09-14/rba-interest-rate-cuts/11510102?section=business
#RBA #CashRate #Australia Nearly 90% of Australians don’t know what the cash rate is. A sign of lack of interest in financial news or failure of our education system? References https://www.news.com.au/finance/economy/interest-rates/most-australians-dont-know-what-the-official-cash-rate-is/news-story/825f4c8dc94cbcc26813f583aaf61ee3
#RBA #Economics #Australia Reserve Bank Governor Dr Philip Lowe Faced the Parliamentary Economics Committee in Canberra and was challenged on the recent rate cuts and the future of the Australian economy. The more I learn about Monetarism, the less confidence I have. References https://www.news.com.au/finance/economy/interest-rates/rba-accused-of-giving-up-on-stimulating-the-economy/news-story/f5f6ccf7ace28878b9c03404f9b89b82
#NewZealand #CashRate #RBNZ The Reserve Bank of New Zeland has slashed its cash rate beyond forecasts by 50 basis points. Let’s look at the statement of from the Bank and then get an overview of their economy. References https://tradingeconomics.com/new-zealand/interest-rate https://www.rbnz.govt.nz/
#RBA #InterestRate #CashRate The RBA has kept the cash rate unchanged at 1.00%. While our Reserve Bank Governor, Philip Lowe, states that the global economy remains reasonable and predicts growth for Australia, I am wondering if he is in a Monetarism bubble? References https://rba.gov.au/media-releases/2019/mr-19-20.html
#Housing #RealEstate #Property The media is arguing that housing prices “have hit the floor” due to a 0.1% month on month increase in national prices. At the same time, the US has decreased interest rates, which will have an effect on our largest trading partner, a huge Sydney developer has gone bust and Australian’s are […]
RBA #AusPOL #CashRate Can the RBA save the Australian Economy? Does anyone still think they actually can? References ‘Four bullets left’ to save Economy https://www.news.com.au/finance/economy/australian-economy/four-bullets-left-to-save-economy/news-story/f79bd146f7e50b5b7f2c7d3faa84317c China second-quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen https://www.reuters.com/article/us-china-economy-gdp/china-second-quarter-gdp-growth-slows-to-27-year-low-as-trade-war-bites-more-stimulus-seen-idUSKCN1U90P5
#Australia #AusPOL #Recession Consumer and Business confidence has dropped in Australia. Looks like back to back interest rate cuts didn’t fill people with confidence for some reason? Reference Consumers most pessimistic in two years, despite tax and interest rate cuts https://www.abc.net.au/news/2019-07-10/consumer-confidence-july-2019/11294948
#Australia #AusPOL #Recession GDP Per Capita has declined in Australia for the last two quarters, so for all intents and purposes, we are in a recession for the first time in 27 years. Our politicians need to use the R-word before the RBA starts playing with QE or negative interest rate. Perhaps some infrastructure projects […]