monetary policy

A singular COVID-19 case emerged in New Zealand the day before the RBNZ monetary policy meeting in August. Without any hesitation Auckland went straight into a 7-day...

Conditions could not be more supportive at the moment, but inflection points on the horizon will wind excesses out of Australian investment markets, as China eases its...

The fundamental failing of using "r-star" as one of the cornerstones of monetary policy is that it cannot be directly observed. This makes the more recent behaviour...

The Reserve Bank of Australia (RBA) will decide in July whether to extend the 3-year bond yield target and undertake further quantitative easing (QE) when the current...

The Reserve Bank of Australia is committed to keeping easy monetary policy in place until it meets its ambitious goal of achieving full employment. By our...

No one expects a rate change from the RBA any time soon, but some leading experts believe it might happen sooner than we think. With no change to rates, all eyes were...

As central banks around the world have cut interest rates to historically low levels, the potential impact on asset prices has become a major topic of discussion....

The purpose of this blog post is to provide a progress check and update on that controversial (at the time) "Global Equities: A Generational Buying Opportunity...

This week the RBA Governor Philip Lowe has delivered his outlook for the year and an additional $100 billion in QE, bringing the total expanded balance sheet to over...

In the AFR today I write that Reserve Bank of Australia governor Phil Lowe’s greatest legacy will be the fusion he has forged between fiscal and monetary policy since...

The tsunami of monetary and fiscal stimulus this year is a continuation of the policies implemented when the Financial Crisis began. When these first started the few...

In case you missed it, there was another event on yesterday - one that featured bonds and bankers rather than whips and jockeys. The RBA had their November meeting...

As the country pulls itself out of a global crisis we see both monetary and fiscal stimulus working overtime, presenting an opportunity like no other for small caps....

In the AFR I write (twitter link here) that the Reserve Bank of Australia’s deputy governor Guy Debelle has delivered one of the most dovish speeches of his career,...

I was recently asked whether it is really true that the AA and AAA rated state governments are having to pay materially more to raise capital to fund their budget...

Today we look at a rough roadmap of what would need to happen on the road to suspending capitalism and markets being artificially held up indefinitely. Whilst we've...

By Sophia Rodrigues For the first time since announcing the package of measures on March 19, the Reserve Bank of Australia has opened up the possibility of lowering...

The global economy has only just commenced its recovery from the depths of the largest economic setback in modern history, yet stock markets have bounced strongly from...

The Reserve Bank of Australia recently guided the cash rate to 0.13% and expects it to remain around that level but there’s a reason why it has no plans to reduce the...

Investing across the cycle requires a firm grasp of the fundamentals, and perhaps nothing is more fundamental than the flow of money and credit.Indeed, the current...