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Showing 461 - 470 of 2020 results for "RBA"

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... investment income, earnings from unincorporated businesses and social assistance benefits)". The Reserve Bank of Australia (RBA) and the Morrison government's stimulus measures may have put money in our hands but with social and physical distancing ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... and medium business loan deferrals, and where there are opportunities for reform of responsible lending laws in light of the RBA governor's recent evidence to the committee," he said. In addition to COVID-19, the hearings will examine the four major ...

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
The Reserve Bank of Australia (RBA) kept domestic interest rates unchanged - the targets for the official cash rate at 0.25% and the yield on 3-year Australian Government bonds at 25 basis points - at its September meeting, as expected. What came as ...

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
... currency's appreciation or depreciation sets in train certain dynamics that would return fundamentals to equilibrium. The RBA wouldn't want an outsized A$ appreciation - it assumed an A$/US exchange rate of US$0.72 in its August 2020 "baseline ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... decline and is the sharpest since the March 2016 quarter - one of the factors that prompted the Reserve Bank of Australia (RBA) to cut the official cash rate from 2.0% to 1.75% in April and then again to 1.5% in August of the same year. Eighteen months ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... more broadly, according to the Reserve Bank of Australia. In a new paper titled How Risky is Australian Household Debt? the RBA said the current level of household debt relative to income in Australia is high compared to many other countries. "We find ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... higher client cash balances on the platform (which resulted in higher cash account income). This cushioned the impact of the RBA's cash rate cuts during the second half of the year, HUB24 said. Its underlying NPAT was impacted by several one-off items ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
Challenger has launched a new lifetime annuity with payments linked to the cash rate. The RBA Cash Linked option is the first lifetime annuity in Australia to be linked to the cash rate, according to the firm. Challenger also offers lifetime annuities ...

Chief economist update: Gone fishing

BENJAMIN ONG  |  MONDAY, 24 AUG 2020
... a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." Reserve Bank of Australia (RBA) governor Philip Lowe didn't exactly quote this proverb when he testified before the House of Representatives Standing Committee ...

Perpetual profits plummet

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... solutions businesses was driven by growth in private balance sheet securitisation supporting our bank clients' access to the RBA's term funding facility, as well as continued growth in public market securitisation FUA from non-bank clients." Its managed ...