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 …

What the RBA’s response to COVID-19 means for the Australian economy | AMP Capital

What the RBA’s response to COVID-19 means for the Australian economy   The Reserve Bank of Australia (RBA) met today and agreed to a support package for the Australian economy, through the challenging period that is the COVID-19 outbreak. The central bank acknowledged this is, first and foremost, a health issue, and that the primary response is to manage the health of the population. As the RBA said, other arms of policy play an important …

RBA marks new record low with March cash rate call | AMP Capital

The Reserve Bank board has cut interest rates again by 0.25% at their March meeting, their fourth such cut since June last year. The move comes largely in response to the uncertainty caused by the global outbreak of the coronavirus (Covid-19), and up until about last Friday I’d have said it was a close call as to whether the bank would cut or stay put. The run of soft domestic economic data over the past …