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Showing 561 - 570 of 4735 results for "Reserve"

Wayne Byres to stand down

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... has been with APRA since its establishment in 1998, working across policy and supervision. He previously worked at the Reserve Bank of Australia for more than a decade, including a secondment to the Bank of England. He has been chair since July 2014 ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
UBS has forecast that the Reserve Bank of Australia's (RBA) rate rise assumptions would cause an unprecedented payment spike for households. The RBA's scenario of a 300-basis point increase in interest rates by mid-2023 would see interest payments as ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022
... and the product would be unable to take on new members after two consecutive fails. Under the legislation, APRA would reserve the right to revoke a product's faith-based status if it feels that, for a particular financial year, the investment strategy ...

Treasurer announces RBA review

ANDREW MCKEAN  |  WEDNESDAY, 20 JUL 2022
Treasurer Jim Chalmers is instituting the first major review of the setting of monetary policy and the Reserve Bank of Australia (RBA) since the 1990s. In the context of Australia facing a complex combination of difficult economic conditions, Chalmers ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... the unemployment rate is likely to keep falling towards 3% this year. Chesler added: "This number is likely to worry the Reserve Bank of Australia (RBA)." "With the employment market continuing to tighten markedly and no signs of inflation easing, the ...

Celsius latest casualty in crypto crash

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
... market analyst Tony Sycamore said in the months gone past the combination of higher-than-expected US inflation and Federal Reserve rate hikes should have been enough to see Bitcoin fall into an abyss. "However, after initially falling 3% to a low of ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... getting prices under control." To do this Biden promised he'd continue the release of oil from the US's strategic petroleum reserve and persist with putting price caps on Russian oil. Biden also announced that'd he'd urge Congress to enact legislation ...

Sri Lanka announces bankruptcy

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
Sri Lanka's debt-laden economy has collapsed, and its newly elected prime minister has announced bankruptcy as the island nation suffers its worst financial crisis in decades. Due to the crisis, the country has seen severe shortages of necessities like ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ...

TWUSUPER adds fee to combat cross subsidisation

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
... Further, much like many other super funds, TWUSUPER has also introduced a trustee services fee to establish a trustee reserve. "The [January 1 legislative] changes mean that if TWUSUPER were to face a penalty or liability - even a small fine from a regulatory ...