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Showing 751 - 760 of 4736 results for "Reserve"

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... positive move in the country's recession rebound caused by lockdown measures imposed to limit the spread of COVID-19. The Reserve Bank of Australia (RBA) has long said it will not consider lifting interest rates unless the jobless rate goes down. This ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... sustainable outlook for the US economy. The Biden administration has proposed a US$1.9 trillion COVID-19 relief plan. US Federal Reserve chair Jerome Powell assured markets that the central bank would not raise interest rates soon unless it foresees ...

Challenger welcomes board director

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... previously a deputy director-general in the Office of National Assessments and worked at the Australian Treasury and at the Reserve Bank of Australia. Challenger chair Peter Polson said he is pleased to welcome Smith to the board. "She has performed ...

Key finance figures in Biden Cabinet

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... the economics world is Janet Yellen, whom Biden has nominated to lead the US Treasury. Yellen is the former US Federal Reserve governor. She was also the chair of the White House Council of Economic Advisers during the Clinton administration. Yellen ...

RBA adds former BT director to board

ELIZA BAVIN  |  FRIDAY, 18 DEC 2020
The Morrison government has made two new appointments to the board of the Reserve Bank of Australia (RBA). Alison Watkins and Carolyn Hewson have been appointed members of the RBA board for a five-year period. Hewson is a former investment banker with ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it will ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... circulation of money." - James Madison We, Australians all, are in a good place for not only do we have more money thanks to the Reserve Bank of Australia (RBA) and the Morrison government's largesse - but the wherewithal to spend and/or borrow to ...

Super SA to close growth option

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... review of the investment objective by Super SA and Funds SA. "Due to the unprecedented easing of monetary policy by the Reserve Bank of Australia (RBA) and global central banks, yields for short-term fixed interest securities (defensive assets) have ...

Westpac sells Pacific to PNG bank

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
... second half of FY2021 and Westpac expects an accounting loss of $230 million including a foreign currency translation reserve but will add three basis points to its common equity tier one ratio. It comes as Westpac announced last year that it was reviewing ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
Reserve Bank of Australia (RBA) governor Philip Lowe was forced to remind the Standing Committee on Economics that the RBA is not solely responsible for economic recovery and the federal government also needs to pitch in. Lowe explained that while the ...