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Showing 101 - 110 of 1515 results for "Fiscal"

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... benefited from elevated commodity prices as a commodities exporter, relatively less restrictive monetary policy and supportive fiscal policy. Wang expects to see Australian consumer sentiment moderately improve in the coming months, helped by declining ...

Australian economic growth slows, IMF maintains positive outlook

ANDREW MCKEAN  |  MONDAY, 22 JAN 2024
... declines and an ageing population through structural reforms, and committing to a transition to greener practices. "Tighter fiscal policy is needed to support disinflation," the IMF said. "Fiscal policy must strike an appropriate balance between supporting ...

Emerging markets well placed for 2024

CHLOE WALKER  |  FRIDAY, 19 JAN 2024
... emerging markets are benefiting from lower core inflation, growing foreign exchange reserves, trade surpluses, and prudent fiscal policies," it said. Elsewhere, Principal Asset Management chief executive Damien Buchet said the emerging market fundamental ...

Government reports improved fiscal outlook

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
The federal government has released its 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO), revealing a deficit reduction of $1.1 billion, an improvement of $12.8 billion from earlier projections. Since the last election, the government has identified ...

Mild recession in 2024, higher interest rates: Vanguard

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... expansionary nor contractionary - has increased, driven primarily by demographics, productivity growth, and higher structural fiscal deficits," the report read. "Policy rates are therefore likely to remain at heightened levels compared with periods following ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... if they are currently invested in a legacy product. "A product modernisation regime would support the government's fiscal position, by lowering government Age Pension outlays and raising new tax revenue, by almost $1 billion in the next decade, without ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... uncertainties continue to pose significant challenges. Garland further warned that uncertainty may increase in the upcoming fiscal year and said this demands vigilance and focused efforts from the banks. "On the one hand, the worst fears about the economy ...

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... for several reasons, including the economy's resilience to rate hikes, record migration, low unemployment, stimulatory fiscal policy, and government wages policy which is adding to inflation. "The RBA hiked the cash rate in November by 25 basis points ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... and disability income products. Non-risk products posted a $700 million profit, up from a $600 million loss the previous fiscal year. KPMG actuarial partner Briallen Cummings said "the figures are mixed," noting variations in profitability across different ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
Selfwealth has rejected a takeover proposal from competitor trading platform Stake and its offer of 17.5c per share. The ASX-listed trading platform said that after careful assessment, "Stake's incomplete and conditional proposal did not offer appropriate ...