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Showing 391 - 400 of 4299 results for "Bank of"

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
The Reserve Bank of Australia (RBA) has opted to increase the cash rate target to 3.85%. Meeting today, the RBA board chose to go with a 25 basis point increase, and also increased the rate paid on Exchange Settlement balances by 25 basis points to ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
As anticipation builds for today's Reserve Bank of Australia (RBA) meeting, economists are sharply divided on the outcome. Last month, the RBA held the cash rate steady at 3.6%. However, leading economists cautioned Australians not to discount the possibility ...

LongView launches shared equity fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... equity helps solve a "crushing social problem whereby Australia has third of a generation who don't have access to the Bank of Mum and Dad and are in an impossible position trying to get a deposit to buy a home." There is a gap in the property market ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve and the Reserve Bank of Australia, raised interest rates in a bid to control inflation, investing conditions became increasingly unpredictable. "Whilst ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... funds flows to term deposits, Miller attributed this to the desire for safety and the recent increases in the Reserve Bank of Australia's (RBA) cash rate. He explained that investors now feel they're getting some income return from term deposits ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... head of APAC macro strategy Dwyfor Evans said although the absolute level of inflation remains markedly above the Reserve Bank of Australia (RBA) target (2-3%), he believes that the rate hiking cycle has likely come to an end, as alluded to in cash rate ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... Elana Rubin as part-time members of the RBA board has sparked debate. Following the release of the review of the Reserve Bank of Australia (RBA) yesterday, which made 51 recommendations including the creation of a dual board, Treasurer Jim Chalmers appointed ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
A major overhaul is in store for the Reserve Bank of Australia, with the widely anticipated review putting forth 51 recommendations, with particular consideration given to how cash rate decisions are made. Released today, An RBA fit for future comes ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
The 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 ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... from all sides of politics before implementing the changes recommended by the panel tasked with reviewing the Reserve Bank of Australia (RBA). Chalmers told a press conference yesterday that he will speak to various parties about the content of the report ...