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Showing 31 - 40 of 326 results for "Official Cash Rate"

Macquarie cash offering soars

ALLY SELBY  |  FRIDAY, 17 APR 2020
... 1.2% following the Reserve Bank of Australia's interest rate reduction. "Given the historical lows of the official cash rate, we think it's never been more important for advisers to actively manage their client's cash portfolios to achieve ...

GDP to contract 10%: CBA

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
... increase on 12-month term deposits for personal customers to 1.7% per annum which is 1.45% above the RBA's official cash rate of 0.25%.

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
... unprecedented times, and they call for unprecedented measures," he said. "Following today's reduction in the official cash rate by 25bps we are taking deliberate steps to further support parts of the economy most in need." Lifting the term deposit ...

Cash management account to shutter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... demand, cash management accounts have had a tough time over the last two years, as the central bank cut the official cash rate five times since January 2019. Earlier this month, Netwealth and HUB24 cut their cash rates to zero following the Reserve Bank's ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... 17-18 FOMC meeting (which was cancelled). In Australia, the RBA's rate cuts on March 3 and March 19 - the official cash rate is now at 0.25% -- as well as bond yield targeting and QE, are matched by the Morrison government's increased spending. ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... March 16 saw the Reserve Bank of New Zealand deliver its own "emergency" rate cut - a 75 bps reduction in the official cash rate from 1.0% to 0.25%. Fiscal authorities have also been doing their bit. There was Trump's (see above) and China (previous ...

REITs resilient in face of virus: Principal

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... and give high yields, particularly compared to Hong Kong and to some extent, the US." Yoong said the recent official cash rate cut by the Reserve Bank of Australia makes A-REIT yields even more attractive. "A-REITS now yield about 5% - a lot better than ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... responded: The Reserve Bank of Australia (RBA) has cut interest rates by 25 bps earlier this month, taking the official cash rate to a new record low of 0.5% and is expected to cut some more. The Morrison government recently announced a A$17.6B ($11.4B) ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... decision to cut interest rates on the same day suggests that a coordinated response is underway. The RBA cut the official cash rate by 25 basis points to a new record low of 0.50% at its 3 March meeting "to support the economy as it responds to the global ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
... economists and the financial markets factoring in at least one more 25 bps RBA rate cut -- that would take the official cash rate to a fresh record low of 0.50% -- or perhaps two, to 0.25% (which is the RBA's line in the sand). At this point, it's ...