RBA Governor Glenn Stevens has some concerns about China’s “shadow banking” system. He poses questions about the role of non-bank entities in the Middle Kingdom.
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GLENN STEVENS
Three more years for Stevens at the RBA makes sense
After 22 years without a recession, Glenn Stevens deserves his new three-year RBA term. It’s been a good run, says MacroBusiness’ David Llewellyn-Smith, but his greatest test might be to come.
READ MOREBarring catastrophe, RBA will not cut rates further
If the Reserve Bank cuts its key cash rate from now on, you will know something terrible has happened offshore or something has gone bad very quickly in the local economy
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Why Australia’s house prices are anything but sensible
Beware those “experts” telling you there’s no housing bubble in Australia. There are similarities between the housing situation here and that of the US prior to the market’s collapse, argues researcher Philip Soos.
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RBA targets ‘spillover’ from central banks for strong dollar
The Reserve Bank has identified “spillover” from quantitative easing as a key concern as the Australian dollar climbs higher. Glenn Dyer and Bernard Keane report on the danger.
READ MOREThe A$ winner’s curse: welcome to the economy’s new normal
Welcome to the new normal: where the Aussie dollar is high, interest rates are low and Australia seems like the safest investment going around (even if Joe Hockey tried to terrify investors).
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Business confidence takes a punch to the face
The latest NAB business confidence survey shows business conditions have fallen to their weakest level in three years, driven down by declines in employment, profitability and trading conditions.
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RBA’s focus shifts to the long term … and stimulus
The RBA is now focused on stimulating the economy as the mining investments boom fades over the next two years. Crikey cuts through the commentary for the real clues.
READ MOREThe stings in the Reserve Bank’s rates decision
The rate cut is welcome news for consumers and businesses, but the question is: what comes next? There’s a few clues from the RBA …
READ MOREKoukoulas: why the RBA should cut rates today
All the economic indicators, bar one, are pointing to a weakening in the economy. The Reserve Bank should not wait to cut rates, writes Stephen Koukoulas of Business Spectator.
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Mining bust? Seven questions for the RBA
The note printing scandal will likely dominate tomorrow’s meetings between politicians and Reserve Bank chief Glenn Stevens. There are far more important issues to debate, says Stephen Koukoulas of Business Spectator.
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Waiting for the safety bubble to pop
The end of 30 years of living high on debt is nigh. Unfortunately, when everyone has run for the exits there is nowhere left to hide.
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Joye: watch economists run from rate cut calls
An August rate cut was always going to be improbable, barring a rogue core inflation number, writes Christopher Joye of Property Observer
READ MOREShit could happen but ‘we’re OK’, says RBA chief
Reserve Bank governor Glenn Stevens used his annual speech to a Sydney charity lunch to refute the current crop of shibboleths held by forecasters, hedge funds, gloomy economists, politicians and media.
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Kirby: time to muzzle the RBA?
It was only after the limited attention granted to the Reserve Bank’s Glenn Stevens at this week’s economic summit in Brisbane that it finally became obvious the governor is talking too much, writes James Kirby of Business Spectator.
READ MORERBA has no idea just how the housing market works
It appears the RBA’s thinking is that house prices are falling because people expect house prices to fall and because people are fearful of losing their jobs.
READ MOREPain in Spain as recession grips much of the eurozone
Reserve Bank governor Glenn Stevens told us told us in his post-board meeting statement on Tuesday that Europe had the capacity for “adverse shocks for some time yet”.
READ MORERate cut, yes, but RBA still fearful of Europe rattling markets
The RBA understands that Europe could return to again rattle the global economy and financial markets.
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Kohler: double the egg on the RBA’s face
The Reserve Bank’s economics department had a bad year in 2011, and as a result the board is now high and dry with an official cash rate that is obviously wrong. It needs to come down by 0.5%, to 3.75%, next week.
READ MOREWill car sales drive the RBA rate cut decision?
Could current solid car sales stop a Reserve Bank rate cut on May 1?
READ MOREA tale of two banks: RBA and Fed in state of confusion
The Reserve Bank of Australia and the US Federal Reserve are both exhibiting a clear sense of not being convinced about what is happening in the respective economies that oversee.
READ MOREKohler: business is marginal, economics is gross
There’s an air of growing panic among Australia’s business people. The RBA and Treasury have been getting it wrong and are now forced to adjust their economic forecasts downwards.
READ MOREMay looms as favourite, as odds tighten on interest rate cuts
Australia will get a rate cut within the next four weeks, either at tomorrow’s April meeting of the Reserve Bank board, or more likely, the May 1 conflab.
READ MOREA nerd’s delight of economic data drives market this week
A deluge of local and international economic data this week, with five leading central banks meeting, jobs and GDP figures locally, employment data for the US and growth data for Europe and China.
READ MOREOn governments and debt: RBA reckons we’ve got it right
Amid all the macho talk about the “sin” of having too much debt, especially federal government debt, an important doubter has emerged in the Reserve Bank, write Glenn Dyer and Bernard Keane.
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