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Showing 511 - 520 of 2020 results for "RBA"

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... access to superannuation for Australian's under financial stress amid the crisis. Calls for super release to borrow from RBA A University of Melbourne finance professor and Super Consumers Australia director has proposed an alternative solution to ...

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... and remunerating exchange settlement balances at 10 basis points instead of zero. When announcing the quantitative measures RBA governor Philip Lowe said that while COVID-19 is a public health issue, the bank was compelled to step-in due to the "very ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... tax calculations or via advising employers to withhold and transfer a larger sum as regular pay as you go tax amounts". The RBA too, would need to introduce a new zero interest repurchase agreement for super funds. Davis argued this would be the best ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
Think your 30-50% year-to-date loss in your equity portfolio is bad? Just wait until all buyers disappear, consumed by a tiny speck of micro-organism. Remember Murphy's Law? "Anything that can go wrong will go wrong". Monetary and Keynesian stimulus ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... supported the package - which also includes another reduction to social security deeming rates to reflect the 25bps cut of the RBA last week - with FSC chief executive Sally Loane commenting the council was committed to working with all stakeholders ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
The asset consultant's internal economic modelling is predicting a potentially "very large" recession for Australia this year, as COVID-19 rolls on. Frontier Advisors used the RBA's MARTIN, a new macroeconomic model the central bank built in ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... has changed since last week for our cash accounts - clients are receiving zero," a HUB24 spokesperson said. "Following the RBA rate cut of 25bps, Netwealth... will absorb this reduction in respect to our client's cash transaction accounts," Netwealth ...

Banks defer small business loan repayments

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
The Australian Banking Association (ABA) has announced banks will defer loan repayments for six months for small business, as the nation introduces measures to combat the impact of COVID-19. The ABA said the move is designed to combat unemployment and ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... amount of ETFs... Central banks in Brazil, Taiwan, Indonesia, the Philippines in South Africa all cut rates." And at home: "RBA cut cash rate by 25 bp to 0.25% and announced a government bond buying program to anchor 3Y yield around 0.25%. Central bank ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... the banking system and remunerating exchange settlement balances at 10 basis points instead of zero. The move comes after RBA governor Philip Lowe announced on Monday the bank was standing ready "to purchase Australian government bonds". Lowe said that ...