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Showing 1 - 10 of 2365 results for "Central Bank"

'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 ...

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... potential reacceleration of energy prices, which could occur due to a rally in commodity prices that is driven by the central bank rate cuts in Europe and Canada. Such a development would push out the timeline for US rate cuts to next year." McCormack ...

ECB drops interest rates to 3.75%

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
The European Central Bank (ECB) cut interest rates by 0.25% to 3.75% - the first decrease in five years. The rate cut affects three key ECB interest rates based on an inflation outlook, the dynamics of underlying inflation, and the strength of monetary ...

Inflation debate: Older Australians accused of driving crisis

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUN 2024
... Economics Legislation Committee this morning, RBA governor Michele Bullock said the nominal data provided to the central bank by the banking sector shows the growth rate of spending across all age cohorts has fallen. However, upon questioning, she conceded ...

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
The higher-than-expected monthly CPI data for April could mean the Reserve Bank of Australia's (RBA) hands are tied when it comes to higher-for-longer interest rates. Annual growth in the non-seasonally adjusted CPI lifted from 3.5% to 3.6% in April ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
ANZ has confirmed the Australian Securities and Investments Commission (ASIC) is investigating its execution of a 2023 bond issuance of 10-year Treasury Bonds by the Australian Office of Financial Management (AOFM). ANZ said it was appointed by the ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... 3.8% but still expects inflation will return to the top of the target range by December 2025. In its statement, the central bank said it "remains vigilant of upside risks" and noted that while it previously indicated interest rates had peaked, it said ...

Global X launches new gold ETF

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
... investment strategist David Tuckwell said the price of gold has been driven up to record highs recently, largely driven by central bank buying particularly in China as it aims to diversify its reserves away from the US dollar. "China has seen gold buying ...

Future Fund posts 10.1% annual return, surpassing benchmark

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
... US before year end. But as we have been saying for some time, inflation remains sticky and while it remains above central bank targets the risk is that rates will be held higher for longer," he said. "In addition, geopolitical risk is elevated by conflicts ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... higher-for-longer than previously thought. This was a backflip from Powell who earlier this month sounded confident the US central bank was aiming to cut rates "at some point this year". The Reserve Bank of Australia (RBA) is expected to cut rates after ...
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