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Showing 571 - 580 of 2741 results for "Reserve Bank"

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The reserve bank has taken unprecedented action, cutting the interest rate to 0.25% outside of planned meetings, to a new historical low. The "comprehensive package" agreed by the Reserve Bank board also included targeting a yield on 3-year Australian ...

Former ANZ Wealth investment chief exits

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
... strategy, Australia at UBS Global Asset Management and is a former head of economic activity and forecasting at the Reserve Bank of Australia, having served 10 years at the central bank. The job cuts were revealed last week when the FSU said ANZ leadership ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... markets fair and orderly. ASIC's action comes as the Council of Financial Regulators - which includes APRA and the Reserve Bank - said the regulators and government were working closely together to help ensure the availability of credit to households ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... with BOE, BOJ, ECB and SNB to boost liquidity via US dollar liquidity swap lines. Opening trade on March 16 saw the Reserve Bank of New Zealand deliver its own "emergency" rate cut - a 75 bps reduction in the official cash rate from 1.0% to 0.25%. Fiscal ...

REITs resilient in face of virus: Principal

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... particularly compared to Hong Kong and to some extent, the US." Yoong said the recent official cash rate cut by the Reserve Bank of Australia makes A-REIT yields even more attractive. "A-REITS now yield about 5% - a lot better than the less than one ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... factory and office closures... generally, a general lockdown. Monetary and fiscal authorities have responded: The Reserve Bank of Australia (RBA) has cut interest rates by 25 bps earlier this month, taking the official cash rate to a new record low of ...

ANZ wealth exit sees hundreds of jobs go

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... being felt from coronavirus and the recent bushfires. "The risks to the Australian economy are real. That is why the Reserve Bank reduced interest rates to record lows earlier this week. ANZ is a tier one business; they should be leading the way in mapping ...

Take pride in super: Rice Warner

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
... pension costs from the current 2.7% of GDP to something closer to the OECF average of 8%." The firm pointed to a Reserve Bank of Australia research paper authored by RBA deputy secretary Ellis Connolly, which indicates SG "adds significantly" to savings ...

Chief economist update: A crisis of supply, demand and confidence

BENJAMIN ONG  |  FRIDAY, 6 MAR 2020
... assure us, mere mortals, of a concerted response. Several central banks have already cut interest rates led by the Reserve Bank of Australia and underscored by the US Federal Reserve's inter-meeting 50 basis point rate reduction, quickly followed ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
Well, what do you know? Reserve Bank governor Philip Lowe had been right all along in his claim that, "the Australian economy appears to have reached a gentle turning point". The latest Australian National Accounts proved the truth in Lowe's statement. ...