Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
In a speech at Imperial College Business School, Deputy Governor Ben Broadbent explores the economics of deflation. He explains what the theoretical risks are, how the MPC could respond were risks to materialise and why, while the MPC must be ‘watchful’, the chances of sustained deflation are ‘low’. This week the ONS announced that CPI … Continue reading “The Economics Of Deflation”
The ABS released their latest data on Residential Property Prices today. The total value of residential dwellings in Australia was $5,196,355.9 m at the end of June quarter 2014, rising $112,598.5 m over the quarter. The mean price of residential dwellings rose $9,900 and the number of residential dwellings rose by 37,600 in the June … Continue reading “House Price Momentum Slowing As Value Reaches $5.2 Trillion”
This is our latest weekly market update. Another wild week on the markets, driven by conflicting data, and a reactive FED, who has effectively given up on forward guidance, and who does not know where rates will go. But despite Powell’s protests to the contrary, some are suggesting Central Bankers are being swayed by political … Continue reading “Are Central Bankers Becoming Political Animals?”
This is our latest weekly market update. Another wild week on the markets, driven by conflicting data, and a reactive FED, who has effectively given up on forward guidance, and who does not know where rates will go. But despite Powell’s protests to the contrary, some are suggesting Central Bankers are being swayed by political … Continue reading “Are Central Bankers Becoming Political Animals?”
Sometimes, we see clearer looking in on another economy, and the dynamics in Canada are mirroring Australia, and New Zealand, so when the Bank of Canada Governor Tiff Macklem discussed the latest Monetary Policy and decision, it was relevant more broadly. They held target for the overnight rate at 5% and warned that while rates … Continue reading “Rate Pause Perhaps, But Not A Cut Anytime Soon In Canada!”
Well, finally, the problems in Australian high-rise construction are getting airtime, but many households are caught up with these rolling disasters, as estimates suggest well more than half of recently built apartments are defective. It frankly remains a game of “Russian roulette” when buying off-the-plan apartments and consumers could be forgiven for asking themselves if … Continue reading “Wanted: More High-Rise Purchases Willing To Play Russian Roulette!”
Well, finally, the problems in Australian high-rise construction are getting airtime, but many households are caught up with these rolling disasters, as estimates suggest well more than half of recently built apartments are defective. It frankly remains a game of “Russian roulette” when buying off-the-plan apartments and consumers could be forgiven for asking themselves if … Continue reading “Wanted: More High-Rise Purchases Willing To Play Russian Roulette!”
If you have savings with a bank in Australia, it is highly likely you are being ripped off. After all, Australian Consumers depend on retail deposit products to conduct their everyday banking, to safely store over $1.4 trillion of their savings and, importantly, to earn a decent return on these funds. However, as I have … Continue reading “The Great Australian Savings Account Rip-Off!”
If you have savings with a bank in Australia, it is highly likely you are being ripped off. After all, Australian Consumers depend on retail deposit products to conduct their everyday banking, to safely store over $1.4 trillion of their savings and, importantly, to earn a decent return on these funds. However, as I have … Continue reading “The Great Australian Savings Account Rip-Off!”
Given we now have mortgage rates 3% higher than at the start of the year – analysts are asking whether there are yet signs of mortgage portfolio risks in the banking system. We certainly know that households cash flows are under pressure, from our own mortgage stress analysis, and Roy Morgan’s research on consumer confidence … Continue reading “Are There Signs Of Bank Mortgage Portfolio Stress Yet?”