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Showing 11 - 20 of 625 results for "minutes"

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... economy and inflation track, but CommSec senior economist Ryan Felsman believes an increase next month is unlikely. In the minutes from its May meeting, the RBA reaffirmed the board's determination to do "what is required" to bring inflation back ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... its annuity digital experience in the fourth quarter, which will allow customers to buy simple annuity products within minutes.

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... Reserve Bank of Australia's (RBA) call to pause rate hikes rested on a decision to gather more information, it said. The minutes from its April 4 board meeting, where it decided to keep the cash rate at 3.6%, reveal the board extensively weighed economic ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... inflation expectations remain well anchored, and it is important that this remains the case," he said. At the meeting, the RBA minutes show that board members are seriously considering halting the rate hikes at the next meeting in April. "They agreed ...

Advice firm launches Sharia-compliant platform

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... model portfolio only requires a minimum investment of $5000 and it said an account can be opened in as little as five minutes. The portfolio is managed by Lifespan Financial Planning's investment committee, while the solution is underpinned by OpenInvest. ...

Minutes show RBA considered 50bp rise

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... met earlier this month but ultimately determined the case for a 0.25% increase was stronger. In the February 7 meeting minutes released this morning, the RBA explained that it a pattern of income prices and wages data exceeding expectations, as well ...

RBA set to lift the cash rate again

ANDREW MCKEAN  |  TUESDAY, 6 DEC 2022
... mandate target range, a more aggressive response seems out of the question." "Indeed, in the RBA's most recent meeting minutes policymakers agreed that 'acting consistently would support confidence in the monetary policy framework.' Therefore, having ...

CPI rises despite Fed rate hikes

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... these increases were partly offset by a 4.9% decline in the gasoline index. Meanwhile, the Federal Open Market Committee minutes said: "Inflation remained elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
Minutes from the Reserve Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... introduced include extended protections to more types of vulnerability, capping interview times during the claims process to 90 minutes and a ban on allegations of fraud without prior authority and a new approach to obsolete medial definitions in older ...