by Mason Stevens | Nov 18, 2020 | Macro & Markets
RBA Governor Philip Lowe attended the Committee for Economic Development of Australia (CEDA)’s annual dinner on Tuesday evening. The topics he spoke about are not only important to us for their investment implications, but also to understand what policies one of...
by Mason Stevens | Nov 4, 2020 | Macro & Markets
The Reserve Bank (RBA) met yesterday and while the market predicted most of the resulting change in monetary policy setting, the Bank did provide some unexpected surprises. The point of policy In our missive on 26 October, we sought to explain that monetary policy has...
by Mason Stevens | Nov 2, 2020 | Macro & Markets
In advance, thank you to Brent Donnelly at HSBC for the two charts and providing the link to the BBC news article. “Past performance does not indicate future performance.” You may have seen this statement or a similar one on every fund manager’s...
by Mason Stevens | Oct 28, 2020 | Fixed Income
Governments’ budget proposals are just that – proposals – meaning they are subject to amendments. In implementation, they can differ greatly from their original plan. They are based upon assumptions such as tax rates, unemployment figures,...
by Mason Stevens | Oct 26, 2020 | Macro & Markets
Monetary policy has become less clear, despite central banks stated desire to promote stability and transparency. It used to be that looking at the RBA’s cash rate target and charting the yields of ASX-listed bank bill futures would provide a reasonable path for...
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