The RBA last week took the official cash rate to a fresh all-time low of 0.75 per cent and has started looking at the type of unconventional policies it may have to implement if rates fall further.The BIS research found unconventional policies may have a role before a central bank finds itself with ultra-low interest rates but still wants to get an economy growing faster.
"One key lesson is that the tools are most effective when used together with a broader set of policies like fiscal and prudential measures," he said. The BIS research warned that if central banks use unconventional policies then governments may avoid their own responsibilities to helping the economy.
swrighteconomy Central banks will never reduce their balance sheets again. Rates will be low forever. Keep the cycle going at all costs. Who cares about market distortion. They can keep this charade going but their time will soon be up.
Scutty swrighteconomy Great plan, everything at ATH.. what’s the backup plan for the next GFC? Oh.
swrighteconomy Welcome to the liberal government recession where the poor get poorer while the rich get richer.
Scutty swrighteconomy Related: get ready for more low wages growth, assuming you are lucky enough to hold on to your job during the Morrison recession.
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Source: newscomauHQ - 🏆 9. / 77 Read more »
Aussie boxing legend Jeff Fenech will miss daughter's wedding due to heart infectionAustralian boxing legend Jeff Fenech is set to miss his daughter's wedding after being struck down with a severe heart infection. 9News Poor bloke, can't stand over green grocers no more He is a grub, it’s called Karma. He might have been a great boxer but he is a piece of shit outside the ring. Tried to intimidate people and is a weak dog. Enjoy Thailand Get well soon, mate. Sorry that you will miss your daughter's wedding. Love to all the family on both sides. Rabbits Jodie.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Government urged to get Australian families out of Syria camp ahead of Turkey invasionSave the Children says time is running out to get Australian women and children to safety before a Turkey military offensive in northern Syria. I don't think so 'Australian families' They went there to join the most hideous butchers, and fight everything Australia stands for What are Australian families doing in a Syrian conflict zone - maybe still have allegiance to Syria and if so should not comeback to Australia.
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Trump takes vulgar swipe at Romney after senator criticises President's China, Ukraine appealsDonald Trump's personal attack on Mitt Romney for speaking out against him underscores why so few Republicans do so, out of fear of the president's wrath You don't need to be a Trump supporter to see what a nonsense take this is. Really? You mean they can criticise anyone else and not get a negative response? SMH making shit up again
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Prime minister “hypocritical” for not passing on interest rate cuts | Sky News AustraliaShadow Treasurer Jim Chalmers says the “frustration” that the Australian community has is “understandable” after the big four banks failed to pass on interest rate cuts to customers in full.\n\nThe RBA cut the cash rate by 25 basis points to 0.75 per cent on Tuesday - the first time Australia has seen interest rates fall below 1 per cent.\n\nMr Chalmers told Sky News “The behaviour of the banks in this instance has been indefensible” and that the prime minister is “hypocritical” for not passing on the interest rate cuts through the deeming system to Australian pensioners. \n\n“The Reserve bank has made it really clear that the banks are still incredibly profitable by international standards,” he said. \n\nImage: News Corp Australia How about the Government reducing indirect taxes - like the GST, sin taxes (alcohol, cigarettes), stamp duty - oh and maybe caring for citizens by paying a living allowance to those who are not in paid employmentxx the big four banks dont have to do any thing like ya self you have to listen to the people your not I watched this interview. He dodged ( clumsily) every direct question. Demonstrated a simplistic and child-like lack of understanding of the real commercial world. Not impressive.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA could cut rates again as early as November | Sky News AustraliaDeloitte Access Economics Partner Kristian Kolding says the economy is yet to see the full impact of last week's rate cut and suggests another cut could happen as early as November. \n\n“I think November seems a little bit early, but not out of the ball park,” he told Sky News. \n\nImage: Getty As if, It will be a small rise, another rate cut will mean nothing. Means less money for a large part of population. I really hope so...the lower the better
Source: SkyNewsAust - 🏆 7. / 78 Read more »