RBA concerns underline mid-to-long term risks for the housing market

RBA concerns underline mid-to-long term risks for the housing market One of the more interesting snippets of information to come out of the minutes of the February meeting of the Reserve Bank Board was an acknowledgement by members of the risks generated by a low-rate environment and, in particular, those “linked to higher leverage and asset prices, particularly in the housing market”. They weren’t concerned enough to detour from their stimulus program, but the RBA …

14 money mistakes to avoid in your younger years

14 money mistakes to avoid in your younger years Here’s a list of things you could stop doing if you no longer want to rely on the bank of mum and dad, or that credit card. In your 20s and 30s, you might be saving for a car, your own pad, or an overseas trip (COVID-19 can’t last forever, right?). On the other hand, most of your cash might just be covering the latest additions …

Five investment markets impacted by a big week in Australia

Five investment markets impacted by a big week in Australia It’s been a big week in Australia, with the central bank meeting and the government handing down one of the most significant Budgets in our history. For a detailed analysis of our thoughts on the Federal Budget, you can read a note from Shane Oliver and I. Here, we take a look at the outlook for some asset classes after a busy few days. 1. Cash and …

Econosights: Inflation in the COVID-19 world | AMP Capital

Econosights: Inflation in the COVID-19 world Key points The money supply across major economies has skyrocketed from central bank asset purchases (or quantitative easing), government stimulus payments and wages building up in bank deposits. There is some concern that the boom in money supply growth could lead to an inflation breakout. However, prior surges in the money supply have not always led to higher inflation. Central bank quantitative easing programs are a big driver of …

After the Bell: daily market update, July 21 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, July 21 21 Jul, 2020 Big day on the ASX, and a spate of government and central bank commentary was also delivered. Senior economist, Diana Mousina, shares her views on what it could all mean for the economy. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital …

The RBA’s progress report on the Australian economy | AMP Capital

The RBA’s progress report on the Australian economy At the Reserve Bank of Australia’s (RBA’s) meeting this week, there were no great surprises. The central bank left the cash rate on hold at 0.25% for the fourth month in a row, and no change is expected there at the moment. I don’t see the RBA moving into negative territory with rates, as there is no substantial evidence that approach would be effective. The RBA indicated …

After the Bell: daily market update, July 7 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, July 7 07 Jul, 2020 Not a great day on the ASX, Victorian premier Dan Andrews has announced a new lockdown, and the central bank also met today. Our senior economist, Diana Mousina, talks us through the last 24 hours. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and …

Client experience front and centre for AMP Bank’s latest technology enhancements

AMP Bank has launched a range of technology enhancements to boost client experience, including digital pre-application, electronic signatures and digital identification verification. Original Author: Produced by AMP and published on 04/06/2020

Oliver’s Insights – Magic money tree – QE & money printing and their part in the coronavirus economic rescue

Oliver’s Insights – Magic money tree – QE & money printing and their part in the coronavirus economic rescue Key points Central bank support to ensure the flow of money and credit through economies is an essential part of the global and Australian coronavirus economic rescue. This has increasingly involved quantitative easing which entails the printing of money. Higher inflation is an obvious risk from money printing, but it’s unlikely to become an issue until …

Key highlights from the RBA’s April board meeting | AMP Capital

Key highlights from the RBA’s April board meeting Today the Reserve Bank of Australia (RBA) held its regular board meeting, albeit in extraordinary times for Australia and indeed the world. What we saw today from the RBA was no monetary policy changes, for the simple reason that less than three weeks ago, they made some radical changes in response to the COVID-19 pandemic. The RBA instead reaffirmed its recent actions – cutting the cash rate …