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Michael Blythe

Type: Person

Name: Michael Blythe

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Markets take a hit in budget aftermath

Treasurer Wayne Swan.The prospect of large deficits and weaker economic growth has left local financial markets weaker, as business and economists sift through the numbers in the federal budget.The government was out in force defending the budget on Tuesday, ... [Published Illawarra Mercury - May 15 2013]

Entities: Wayne Swan, Australian Dollar, Michael Blythe, Brian Redican

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Budget finds right balance, Swan says

THE prospect of large deficits and weaker economic growth has left local financial markets weaker, as business and economists sift through the numbers in the federal budget. The government was out in force defending the budget on Wednesday, with Treasurer ... [Published Adelaide Now - May 15 2013]

Entities: Wayne Swan, Brian Redican, Australian Dollar, Taxes, Michael Blythe

First reported May 09 2013 - Updated May 09 2013 - 1 reports

Jobless rate falls in April

LUCY BATTERSBY AND GLENDA KWEKUnemployment rate ... economists have been expecting it to edged upwards this year as mining investment peaks.Australia's unemployment rate fell in April as the economy picked up more than 50,000 new jobs, making up for a ... [Published The Land Australia - May 09 2013]

Entities: Jobless Rate, Unemployment Rate, Rate Cut, Michael Blythe, Brian Redican

First reported May 09 2013 - Updated May 09 2013 - 1 reports

ConocoPhillips Company

Australian Employers Add 50,100 Workers in April; Local Currency Jumps

Australian employers boosted payrolls more than four times economists’ forecast in April as the job market weathers a weaker domestic outlook. The Aussie jumped.The number of people employed rose by 50,100 from a month earlier, after a revised 31,100 ... [Published Bloomberg - May 09 2013]

Entities: Sydney (Australia), Workers, Glenn Stevens, ConocoPhillips Company, Australian Dollar

First reported May 07 2013 - Updated May 07 2013 - 1 reports

Rates to record low

The Reserve Bank has slashed interest rates by 25 basis points to a historic low of 2.75 per cent, the first reduction this year.The decision followed a spate of soft economic data that increased calls by industry groups and other observers for a lower ... [Published Sydney Morning Herald - May 07 2013]

Entities: Australian Dollar, Inflation, Michael Blythe, Margy Osmond

First reported May 07 2013 - Updated May 07 2013 - 1 reports

Glenn Stevens

RBA cuts cash rate to 2.75%

The Reserve Bank of Australia has cut the cash rate by a quarter of a percentage point to record-low of 2.75 per cent at its May board meeting.In a statement accompanying the decision, RBA governor Glenn Stevens said economic growth was below trend in ... [Published Sky News Australia - May 07 2013]

Entities: Glenn Stevens, Michael Blythe, Inflation

First reported May 07 2013 - Updated May 07 2013 - 1 reports

Westpac Banking Corporation

Dismal day for crystal ball gazers

ECONOMICS is known as the dismal science, and it was certainly a pretty dismal result for the economic forecasters yesterday. Twenty-one of 29 economists surveyed expected a hold in interest rates, though some have been more forthright than others in ... [Published Adelaide Now - May 07 2013]

Entities: Rob Henderson, Bill Evans, Westpac Banking Corporation, Scott Haslem, Michael Blythe

First reported May 02 2013 - Updated May 02 2013 - 1 reports

Fixed-rate mortgage demand rises to highest level in five years led by NSW home buyers: Mortgage Choice

Australian Capital Territory New South Wales Queensland Victoria Tasmania South Australia Western Australia Northern Territory Property News Residential Landlords Trends Economy Mortgages First-home buyersFixed-rate home loans accounted for more than ... [Published Property Observer - May 02 2013]

Entities: Mortgage Choice Limited, Fixed Rate, Mortgages

First reported Apr 26 2013 - Updated Apr 26 2013 - 1 reports

Golden week ends on deflationary note

These are the percentage moves in the 10 sectors that make up the S&P/ASX 200 index. The sharemarket recorded its biggest weekly gain in over a year, while global bond markets held on to recent gains.Local goldminers were back in favour as gold prices ... [Published Brisbane Times - Apr 26 2013]

Entities: Commonwealth Bank of Australia, Wayne Swan, Westpac Banking Corporation, ASX 200

First reported Apr 23 2013 - Updated Apr 23 2013 - 1 reports

The inflation basket case

It’s an apparent contradiction in the economy - while the Reserve Bank says the changes in the prices of goods and services are benign, numerous global surveys rank Australia as one of the most expensive places to live in.So how is it possible that we ... [Published Sydney Morning Herald - Apr 23 2013]

Entities: Inflation, Australian Dollar, Commodities

First reported Apr 22 2013 - Updated Apr 22 2013 - 1 reports

Possibly one more rate cut in 2013 but lack of consensus the overriding theme: Bloomberg survey

Australian Capital Territory New South Wales Queensland Victoria Tasmania South Australia Western Australia Northern Territory Property News Residential Trends Economy MortgagesThe large variance between economists' forecasts for the cash rate between ... [Published Property Observer - Apr 22 2013]

Entities: Rate Cut, ANZ Banking Group Ltd, Commonwealth Bank of Australia, Westpac Banking Corporation

First reported Apr 14 2013 - Updated Apr 15 2013 - 3 reports

The Bank of Japan building is pictured in Tokyo

By Ian Chua and Rosemarie FranciscoREUTERS - Asia is still coming to terms with Japan's massive monetary stimulus programme that has sent the yen reeling to multi-year lows, but there is no sign yet the region's central banks are reaching for the panic ... [Published Yahoo! UK and Ireland - Apr 15 2013]

Entities: Bank of Japan, Tokyo, South Korea

Quotes

"the government deserves credit for folding on its immediate surplus commitment and taking the political heat that decision entailed" Commonwealth Bank of Australia chief economist Michael Blythe said in a client note

Markets take a hit in budget aftermath [Published Illawarra Mercury - May 15 2013]

Michael Blythe, chief economist at CBA, said it paid to be suspicious of big moves, "but there is clearly a positive job pulse in the australian economy"

Jobless rate falls in April [Published The Land Australia - May 09 2013]

"the one thing that would worry them is if lower rates led to an acceleration in house price growth - that's clearly what they don't want to see" Mr Blythe said

Rates to record low [Published Sydney Morning Herald - May 07 2013]