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Showing 241 - 250 of 4000 results for "Cut"

Chalmers boasts inflation data, experts divided

ELIZA BAVIN  |  THURSDAY, 9 JAN 2025
... the figures came in higher than market expectations. "While market consensus had shifted towards a 70% probability of a rate cut in February, we don't see this happening until later in the year," Chesler said. "The market optimism towards an earlier ...

February rate cut unlikely after inflation data

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2025
... Chesler said the inflation read was higher than expectations, which might lead the RBA to hold off on a February interest rate cut. "Inflation has edged up more than expected from 2.1% to 2.3%. More importantly the trimmed mean inflation, which is the ...

The productivity bubble has burst: Productivity Commission

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
The latest national account figures indicate that Australia's productivity growth remains in the doldrums, prompting the Productivity Commission to declare revitalising productivity growth as a national priority. September quarter figures showed ...

Super balances drive household wealth growth

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
Household wealth rose for the eighth consecutive quarter, up 2.4% or $401 billion in the September quarter 2024, according to the Australian Bureau of Statistics (ABS). Total household wealth was $16.9 trillion in the September quarter, which was 9.9% ...

Bain Capital bids for Insignia Financial

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
Insignia Financial has confirmed it received a takeover bid from US private equity firm Bain Capital following months of speculation. Insignia confirmed to the ASX that Bain Capital lobbed a confidential, preliminary, non-binding, and indicative proposal ...

Unemployment drops below 4%

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... head of investments and capital markets Russel Chesler said the low unemployment may push back hopes for an interest rate cut early next year. "A spike in the unemployment rate would be a red flag for the RBA and strengthen the case for an earlier rate ...

RBA 'paves way' for February rate cut

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
... bank has kept the cash rate steady, the decision was met with a more dovish shift in tone - giving experts optimism that a cut could be on the horizon early next year. The RBA board noted that higher interest rates have been working to bring demand and ...

Insignia taps SS&C, outsources 1000 workers

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
Insignia Financial has tapped SS&C Technologies to transform its master trust business as part of its cost-cutting drive that is set to outsource more than 1000 of its employees to the fund administrator. The initial agreement sees SS&C providing technology ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
The Reserve Bank of Australia (RBA) will deliver its final interest rate decision today, with a hold predicted by most experts. The RBA has kept rates on hold at 4.35% all year, despite other global central banks having begun a rate cutting cycle. But ...

World on the brink: Frontier Advisors

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
... scams of all time'. "He has stated he'll withdraw from the Paris Agreement, promote investment in fossil fuel production, cut funding to clean energy investment and stop payments to the UN Green Climate Fund," it said. The report said a slow decarbonisation ...