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Showing 501 - 510 of 2020 results for "RBA"

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... April - the biggest monthly decline in the survey's 47-year history -- from 91.9 in March. Reserve Bank of Australia (RBA) governor Philip Lowe is equally downtrodden. In his recent outing (April 21), governor Lowe proclaimed the Australian central ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

Macquarie cash offering soars

ALLY SELBY  |  FRIDAY, 17 APR 2020
... opening, Adviser Initiated Payments and bulk transacting." As other platforms reduce their cash rate to lower or at most, RBA rates, McArdle says the 1.2% cash rate has garnered adviser interest. "Recently, we've seen record numbers of Macquarie ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... worse at -6.7%. Meanwhile, the major financial institutions in Australia have mostly reacted positively to the moves by the RBA and government. While it should be noted the IMF forecasts were released this week, they were out together before the JobKeeper ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... property valuations are down and the interest rates SMSFs are likely getting on their cash holdings are falling fast. The RBA has reported that the average term deposit rate on $50,000 at end March 2020 is 1% pa, down from 1.2% at end Feb 2020. Alex ...

Never say never to RBA help: First State Super

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
One of the nation's largest superannuation funds believes now is not the time for the RBA to step in with liquidity support, but said it's a solution which shouldn't be ruled out. First State Super is confident it does not need specific ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
Ho-hum. Financial markets widely expected the Reserve Bank of Australia's (RBA) decision to keep monetary policy settings unchanged at its April meeting especially so soon after announcing a comprehensive accommodation package the month before ...

Opportunities in fixed interest during crisis

ALLY SELBY  |  TUESDAY, 7 APR 2020
... has signalled that cash rates will be held at 0.25% for at least the next three years," Sivapalan said. "We've observed the RBA buy government bonds and on Wednesday 25 March, also witnessed their purchase of semi-government bonds in scale." For Janus ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... director of investments Russel Chesler says. "The only way is if markets were to improve in liquidity, bonds are repriced, or if RBA starts buying credit and corporate bonds, though I doubt that will be the case." Chesler points to previous credit market ...

GDP to contract 10%: CBA

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
Commonwealth Bank chief Matt Comyn said the bank is anticipating a 10% contraction of GDP in the March quarter, doubling his prediction from last week. Last week Comyn had predicted a 5-6% impact on the economy but said he revised his prediction due ...