The European Central Bank’s decision to cut its interest rates further showed that the zero rate rubicon holds no fear, while one substantial bullet was kept in the barrel. It is a useful marker for markets…
Mark Carney and Mario Draghi are fortunate men. Although things may appear difficult now, they could be much worse. War in Iraq, Syria and Eastern Ukraine have the potential to send oil and gas prices…
The picture of Australia’s economy right now is murky.
PSJeremy/Flickr
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
The secular stagnation theory predicts the world will stumble along with anaemic growth and no inflationary pressures for the foreseeable future.
AAP/William West
The major Australian banks have recently cut fixed mortgage rates below 5%. They have done so without any prompting from the Reserve Bank of Australia, which may actually start raising the policy rate…
Pressure for a rates hike is increasing.
AAP Image/Jane Dempster
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Rates should stay steady for now, say CAMA economists.
Dan Peled/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Why so negative? Mario Draghi at the ECB.
Arne Dedert/EPA
When the European Central Bank unveiled a handful of unconventional monetary policies recently, one above all grabbed the attention. The inception of targeted long-term refinancing operations, preparatory…
Making things black and white at The Bank of England.
Mark Cornelius/Bank of England
When the European Central Bank sent markets reeling yesterday with moves designed to stimulate growth, the 24 people who made that decision could remain comfortable that their exact arguments and misgivings…
Consumer sentiment has fallen since the federal budget while other indicators suggest the economy is in limbo.
AAP/Dan Himbrechts
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
The economy will react slowly to last night’s budget.
AAP/Lukas Coch
The Abbott-Hockey government is continuing to budget for a deficit. This means it is pumping more spending into the economy than it is taking out. The amount of this stimulus is being reduced; the size…
Business has agitated for change, but is now wary of the negative impact of a tough budget.
In the lead up to the budget, the story of crisis has been hammered home, but there’s more to a country than its structural deficit. So how is Australia doing overall? In this special series, ten writers…
All banking comes with risk, but it could be better disclosed.
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What is the interest rate on your savings account? If you don’t know, you can easily find out. Banks advertise their rates prominently. They want you to know what they’re offering. After all, the interest…
Australia’s economy is showing promising signs, with global events the main source of concern.
AAP
The Australian economy appears to be benefiting from the current expansionary stance in monetary policy, despite uncertainties in the global economy. The CAMA Shadow Board is 71% confident that the cash…
Rising unemployment is likely to be a factor in future interest rate movements.
AAP Image/Joe Castro
The key question for interest rates this month is whether improving domestic demand will curb the increasing rate of unemployment and underemployment, or whether labour market weakness will persist. The…
Australia’s economic position remains uncertain, which may prompt the Reserve Bank to hold interest rates.
AAP
Without a clear direction of where the Australian economy is heading, the consensus to keep the cash rate at its current level of 2.5% remains strong. Uncertainties surrounding the domestic and foreign…
Floating the Australian dollar helped us flourish - but was no panacea to all economic ills.
Image sourced from www.shutterstock.com
The Australian dollar was floated this day in 1983. By 1985, it seemed to take on water, list badly, and sink. And that actually was the idea. The real exchange rate – roughly, the dollar rate, adjusted…
“It is surprising that the RBA is hosing down talk of a housing bubble when experience of the early 2000s suggests that the RBA can be wise to jawbone down the housing market.”
AAP/Lukas Koch
With uncertainty surrounding the recent federal election subsiding and positive economic news from abroad, several Shadow Board members worry that the Reserve Bank of Australia’s loose monetary stance…
Reserve bank governor Glenn Stevens said the bank today cut the cash rate to 2.5%, a record low.
AAP Image/Paul Miller
The Reserve Bank of Australia today lowered the cash rate by 25 basis points to a record low of 2.5%, saying that while inflation had been on target, the domestic economy had been growing below trend…
Buying power doesn’t always stack up as the best measurement for who we are and how far we’ve come.
Shutterstock/ MaleWitch
In the verbal volley between Gillard and Abbott, Swan and Hockey, there is a conversation that we are not hearing. It bubbles below the consciousness of mainstream Australia, a conversation that is old…
Welcome to part two of our interview with Dr Ken Henry, the latest in our series of video collaborations with SBS. In the first part of his interview with SBS business business journalist Ricardo Gonsalves…