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Showing 151 - 160 of 2530 results for "Reserve Bank"

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
... peaking at 4.50-4.75% in Q1 23." Providing an outlook for Australia, McCormack added that VanEck anticipates the Reserve Bank of Australia will raise rates by 0.25% at each of its next three meetings, expecting a cash rate of 3.10% in December.

Consultation opens on crypto regulation bill

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
... requiring that its facilitators which are predominantly Chinese state-owned banks, disclose data to APRA and the Reserve Bank of Australia (RBA) on its use in Australia. In a speech to the Blockchain Association Forum Summit, Bragg explained: "The bill ...

Montgomery, Aura Group launch new income fund

CHLOE WALKER  |  THURSDAY, 8 SEP 2022
... through exposure to a pool of Australian private debt assets including asset backed SME loans. The fund tracks the Reserve Bank of Australia cash rate and aims to return 3.5%-5.5% above it, net of fees and costs. Currently, the cash rate is 2.35%, equating ...

Challenger offers new fixed term annuity

CASSANDRA BALDINI  |  THURSDAY, 8 SEP 2022
... Challenger guarantee. "It reflects Challenger's ability to offer competitive rate annuities, in an environment where the Reserve Bank of Australia is raising the official cash rate," he explained. "For many retirees and savers, this offer could be attractive ...

ASIC concerns see 18 funds update advertising materials

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2022
... warnings and in advertisements without sufficiently prominent warnings. It has also committed to no longer using the Reserve Bank of Australia cash rate as a benchmark after ASIC said it appeared inconsistent with the fund's assets and strategy. The ...

RBA signals further interest rate rises

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
Reserve Bank of Australia (RBA) governor Phillip Lowe has said the board will do what's necessary to ensure inflation in Australia returns to target. At its meeting yesterday, the board increased the cash rate target by 50 basis points to 2.35%. "The ...

RBA anticipated to lift the cash rate

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
According to Finder's RBA Cash Rate survey, 97% of economists and experts have forecast that the Reserve Bank of Australia (RBA) will increase the cash rate today. The survey found that almost two-thirds of respondents predicted a rise of 50 basis ...

Strong wage growth lags inflation

ANDREW MCKEAN  |  THURSDAY, 18 AUG 2022
... Still, readily rising wages suggest labour market strength is now flowing through to wages, which should keep the Reserve Bank of Australia (RBA) confident that wages will support household income, Barclays upheld. "We continue to expect three more 25 ...

Reserve Bank explores digital currency potential

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
The Reserve Bank of Australia (RBA) is launching a one-year research programme into the case for a central bank digital currency (CBDC). Partnering with the Digital Finance Cooperative Research Centre (DFCRC), the project will seek to identify innovative ...

RBA lifts cash rate to 1.85%

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
The Reserve Bank of Australia (RBA) has chosen to increase the cash rate by 50 basis points to 1.85%, consequently, this is now a fourth consecutive monthly rate rise. The RBA's decision comes as it continues its attempt to return inflation to its 2-3% ...