Author

Peter Jolly

“Peter has worked as an economist and researcher for more than two decades, starting out with the Central Bank of New Zealand. ”

Peter is Global Head of Research in the Global Markets area of National Australia Bank.

His team has specialist researchers across the world covering macroeconomics, credit markets, foreign exchange, and fixed income markets.

Peter has worked as an economist and researcher for more than two decades, starting out with the Central Bank of New Zealand.

Peter is also an Honorary Fellow at Macquarie University and has a Masters Degree in Economics from the University of London.

Recently Published Articles

Australia’s future’s looking bright

Australia’s future’s looking bright

15 December 2017

While there was plenty of concern about potential geopolitical and economic crises at the recent ASFA conference, at least one senior industry figure was upbeat.

Australia’s future’s looking bright
Australian Markets Weekly: A few charts for the RBA Board to ponder

Australian Markets Weekly: A few charts for the RBA Board to ponder

3 November 2015

This week in Australia is of course all about the RBA Board meeting on Tuesday and the November Statement of Monetary Policy on Friday. Our special focus this week is on a number of charts showing that the RBA has already eased pro-cyclically and the non-mining economy is improving.

Australian Markets Weekly: A few charts for the RBA Board to ponder
Australian Markets Weekly

Australian Markets Weekly

31 August 2015

The RBA Board is sure to leave the cash rate at 2% on Tuesday and their Statement is likely to again signal a very modest easing bias. Absolutely no intent, but nonetheless an acknowledgement that if needed they still have 200bps of interest rates to play with.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

10 November 2014

After several low quarterly increases, we expect Wednesday’s Q3 wage data to show a small up-tick in the annual growth rate from 2.6% yoy to 2.7% in Q3.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

27 October 2014

Fairly quiet week for scheduled data and events in Australia but more action overseas, particularly in the US where the Federal Reserve will end their bond buying or quantitative easing programme

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

13 October 2014

A striking feature in recent times has been the divergence between the confidence of businesses and consumers.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

29 September 2014

House prices have been rising briskly in Australia since late 2011. They continued to do so at the weekend with RP Data showing that prices were up in nearly all the major cities and auction clearance rates robust.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

15 September 2014

Business confidence near multi-year highs yet consumer confidence near multi-year lows. Firms profitability being driven by productivity and constrained labour costs. Household income growth near zero over past two years – near recessionary levels.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

8 September 2014

The Government Statistician released the Q2 National Accounts last week which showed the economy doing quite well. Or at least a bit better than we feared given mining investment is slumping and commodity prices are falling.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

1 September 2014

Blockbuster week in Australia with loads of key economic data, an RBA rate decision tomorrow, and a speech from the RBA Governor on Wednesday.

Australian Markets Weekly
Australian Markets Weekly: 21 July 2014

Australian Markets Weekly: 21 July 2014

21 July 2014

The quarterly inflation print is the most important statistic for financial markets in Australia. Several reasons why. First and most importantly the RBA is an inflation targeting central bank and this is their quarterly scorecard.

Australian Markets Weekly: 21 July 2014
Australian Markets Weekly

Australian Markets Weekly

14 July 2014

After seven years of negotiation Australia and Japan signed an Economic Partnership Agreement last week. Some call it a free-trade agreement but as one of my colleagues noted no trade is entirely free.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

7 July 2014

Most of us like matters to be resolved quickly and with clarity. This is especially true of financial market folk: Is the economic outlook good or bad? If the RBA isn’t cutting they must be hiking?

Australian Markets Weekly
RBA Annoucement: RBA still uncomfortably on hold

RBA Annoucement: RBA still uncomfortably on hold

2 July 2014

Predictably the RBA left the cash rate unchanged at 2.50%. They also retained their neutral bias – a small surprise – saying again that “the most prudent course is likely to be a period of stability in interest rates”.

RBA Annoucement: RBA still uncomfortably on hold
Australian Markets Weekly

Australian Markets Weekly

30 June 2014

A busy few weeks as we get a good number of timely indicators on the economy as well as the RBA’s latest assessment of developments at tomorrow’s Board meeting. Governor Stevens speaks on Thursday.

Australian Markets Weekly
Australian Markets Weekly

Australian Markets Weekly

24 June 2014

A light period for new data is an appropriate time to take stock of where the economy is at. Short answer is that the pace appears to be coming out of the interest rate sensitive consumer

Australian Markets Weekly