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Showing 121 - 130 of 2494 results for "Central Bank"

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason of the cut. RBNZ aims to contain inflation between ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... November rate cut. HSBC chief economist Paul Bloxham said the RBA's concerns over persistent inflation will keep the central bank on hold for longer. "We see the RBA on hold through 2024 and our central case is that it will not cut its cash rate until ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... was something of a recovery, at least in headline market returns, during FY24, as inflation began to stabilise and central bank rhetoric shifted toward base rates moderating (albeit leaving investors guessing as to the timing). That headline picture ...

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024
The $43 billion public sector fund has welcomed a former central bank deputy governor to its board, while Mercer Super has a new chair. Guy Debelle has joined the fund for South Australian government employees, bringing a tremendous depth of experience ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... congressional testimony, has spurred market speculation about faster rate cuts. "The inflation figures suggests that the central bank's stringent monetary policies are yielding results. As inflation cools, the urgency to maintain high interest rates ...

SSGA launches new gold fund

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... inflation. "The price of gold is determined by a complex matrix of global macroeconomic and fundamental factors including central bank policies and interest rates, emerging market demand and mining production," Tsui said. Tsui said a key attribute of ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
The government will inject an additional $6.3 million to curb the rapid withdrawal of banking services in the Pacific. The funding includes $2.9 million to the World Bank for developing digital identity infrastructure across Pacific Island countries ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
... society," Lill said. Additionally, Rest contends megatrends such as decarbonisation, deglobalisation, demographics, and central bank policy are key factors that will shape the future direction of the global economy. "Around half our members are aged ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... debt servicing costs are coming from a historically low base, so this is a process of normalisation. "But even if central bank policy rates start to fall this year, we expect to see interest bills continue to rise for the time being as old debts continue ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
The Reserve Bank of Australia (RBA) will almost certainly leave the policy rate unchanged when it meets next week, according to economists. GSFM investment strategist Stephen Miller said there was "little prospect" of a change in messaging from the ...