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Showing 251 - 260 of 4298 results for "Bank of"

UK government to establish national wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2024
... work of change has begun." The Labour Party has worked with a taskforce in developing the fund, which includes former Bank of England governor Mark Carney, Aviva chief executive Amanda Blanc, and Barclays chief executive CS Venkatakrishnan. In designing ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... regional financial crime efforts will make the Pacific Islands a more attractive place for banks to do business." Reserve Bank of Australia (RBA) governor Michele Bullock said pleasingly, there are "green shoots." She welcomed initiatives by the Pacific ...

RBA minutes confirm potential August rate hike

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
The Reserve Bank of Australia (RBA) released the minutes from its June board meeting at which it held interest rates steady, but confirmed it did consider the possibility of a hike. The minutes also confirmed the RBA is vigilant to the upside risks ...

Inflation spikes again sparking rate rise fears

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
Australians and the Reserve Bank of Australia (RBA) will be feeling disappointed after the Australian Bureau of Statistics (ABS) released the CPI indicator or May showing an annual increase of 4%, up from 3.4% in February. Canstar group executive, financial ...

New Zealand exits recession

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... March 2024. New Zealand's cash rate is currently 5.5% while inflation is tracking at 4%. ASB Bank predicts the Reserve Bank of New Zealand (RBNZ) will cut interest rates from early 2025. Its inflation target sits between 1% and 3% over the medium ...

RBA issues warning over inflationary spending

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
The Reserve Bank of Australia (RBA) kept the official cash rate on hold at 4.35% in June but would not rule out another hike in the future. The RBA board noted that inflation had fallen substantially since its peak in 2022 but said recent federal and ...

'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 ...

Morningstar hires fixed income lead from PATRIZIA

ELIZABETH FRY  |  FRIDAY, 14 JUN 2024
... superannuation fund. The fixed income specialist brings 17 years of experience after earlier stints at the Commonwealth Bank of Australia and Macquarie Asset Management. During his seven years at Macquarie he sat with the Australian Origination team ...

What's keeping the Treasurer up at night?

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... peaked at 7.8% in the December quarter of 2022 and has since declined to 3.6% as of the March quarter of 2024. The Reserve Bank of Australia expects this downward trend to continue, projecting inflation to fall into its target range of 2-3% in 2025. ...

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... persistent services inflation - which the US appears to have tempered - remains unresolved." McCormack said the Reserve Bank of Australia (RBA) appears poised to be the last developed market central bank to cut rates. "Additionally, high wages growth ...