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Chief economist update: RBA heading to zeroBY BENJAMIN ONG | WEDNESDAY, 7 AUG 2019 10:00AM
As expected, the RBA kept interest rates on hold at 1% following its back-to-back cuts in June and July. However, financial markets still expect another cut come November.
Read more: US, China, Treasury, Trump, America, Beijing, Economist, Law, Murphy, August Board, Fed, Financial Institutions Forum, IMF, Mark Sobel, Official Monetary, Reserve Bank of Australia, Washington, Yes Virginia
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Depression, Recovery, and the Risk of Time
BT head of financial literacy and advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic.
Hedge funds in April posted their highest one-month returns since May 2009, but still have a long way to go before they can pare back March quarter losses.
At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism.
Hamish Douglass' Magellan Financial Group has launched a listed active ETF fund in partnership with Airlie Funds Management, with promises of reducing friction and costs for investors.
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