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Showing 621 - 630 of 4771 results for "Reserve"

RBA outlines next phase of bond purchase program

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
Having raised the cash rate earlier this month, the Reserve Bank of Australia (RBA) board has decided not to reinvest the proceeds from bonds as they mature from the bank's portfolio. This decision by the RBA is indicative of a new quantitative tightening ...

Yellen forebodes stagflation risks

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... While there is a chance of such an event materialising, Yellen maintained that while the US had inflation, the Federal Reserve's tightening monetary policy was addressing recession concerns. "I don't expect the US to fall into recession; I think Europe ...

Clime acquires private wealth firm

JAMIE WILLIAMSON  |  THURSDAY, 19 MAY 2022
Clime Investment Management has acquired a Melbourne wealth management business for $7 million. The ASX-listed manager will acquire MTIS Wealth Management on July 1, adding about $380 million in funds under management to its pool and total gross revenues ...

NZ Super Fund hires from ART

ELIZABETH FRY  |  FRIDAY, 13 MAY 2022
... to Auckland presently. The sovereign wealth fund also hired Kathryn Kerner as head of data analytics from the Federal Reserve Board and Rachael Le Mesurier from Oxfam Aotearoa as head of diversity, equity, and inclusion.

US inflation wavers near a 40-year high

ANDREW MCKEAN  |  THURSDAY, 12 MAY 2022
... the war in Ukraine for the historical inflation being incurred in countries all over the world. Likewise, the Federal Reserve attributed the current inflationary scourge to pandemic related supply chain imbalances, higher energy prices and broader price ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
The Australian Institute of Superannuation Trustees has acknowledged the difficulty of implementing industry-wide rulesets and has released its future crisis contingency planning recommendations to APRA. In its submission, the AIST said the balance ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
Yesterday, the Reserve Bank of Australia surprised markets by lifting the cash rate target for the first time in over a decade. The decision to raise rates 25 basis points to 0.35% came as the RBA sought to withdraw the extraordinary monetary support ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
In the first increase in more than a decade, the Reserve Bank of Australia has raised the cash rate target by 25 basis points to 0.35%. Announcing the decision this afternoon, RBA governor Philip Lowe said the board determined the time is right to begin ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Just over two weeks before the federal election, the Reserve Bank of Australia (RBA) will make a decision on interest rates which could have huge political implications. At present, underlying inflation is well above the RBA's target band and most economists ...