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Showing 601 - 610 of 2021 results for "RBA"

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... investments, chief executive Michael Ohanessian said Praemium delivers an attractive interest rate net of fees despite a reducing RBA rate. "We also offer highly competitive brokerage rates and provide clients the benefits that accrue from the aggregation ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... around the globe down, lopping A$53 billion off the Australian equity market on the same day the Reserve Bank of Australia (RBA) held its August board meeting. As expected, the RBA kept interest rates on hold at 1% following its back-to-back 25 bps interest ...

RBA in no rush to lift cash rate

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
... until we are confident that inflation will return to around the midpoint of the target range," Lowe said. He indicated the RBA is prepared to ease further but other measures to spur inflation remained at hand. "It remains to be seen if future growth ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
... rate cuts (and expectations for at least one more and up to zero) could have backfired. Consumers are more worried that the RBA deemed it necessary to announce two interest rate cuts in two months. This could turn into a vicious cycle. Pessimistic consumers ...

Chief economist update: Hard target

BENJAMIN ONG  |  WEDNESDAY, 10 JUL 2019
With business conditions and confidence like it is, the Reserve Bank of Australia (RBA)'s full employment target just got a little harder to meet. Recall that in his speech at the RBA board dinner with the business community on June 4 - the night ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... bps from the current 2.25%-2.5% as early as its July FOMC meeting to just a 25bps reduction. The Reserve Bank of Australia (RBA) would have clicked "like" though. This is because rising Fed rate cut expectations have nullified its back-to-back 25 bps ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... of Brexit and Trump, among others. The domestic economy is none too good either - so much so the Reserve Bank of Australia (RBA) has had to deliver back-to-back reductions in the official cash rate from 1.5% to 1.25% (in June) and to 1.0% (in July) ...

HUB24 defends cash accounts

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
... claiming its account holders and clients of its competitor Netwealth, will earn negative returns on cash investments after the RBA lowered the official cash rate to 1%. "In the wake of the revelations in the Hayne Royal Commission about exorbitant fees ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
I have a confession to make, I was a closet "no RBA rate cut in July" speculator, going against the 'Big Four' banks and financial market expectations that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon ...