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Showing 771 - 780 of 4301 results for "Bank of"

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... (2.75%) and the neutral cash rate (1.25%), the nominal official cash rate should now be at around minus 0.05%. The Reserve Bank of Australia (RBA) has already stressed that it won't go negative but as US Federal Reserve chair Jerome Powell reiterated ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... income." "In its previous statement in April, APRA discouraged banks and insurers from paying dividends, causing ANZ, Bank of Qld and Westpac to defer their interim dividends with NAB cutting its dividend by 64%. "I now encourage the banks to listen ...

Westpac announces appointment, departure

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... office, as the bank brings together its group operations and group technology divisions. Collary joins Westpac from the Bank of Montreal in Canada, where he worked as its chief information and operations officer across its personal and business baking ...

Australian Unity names chief executive

ALLY SELBY  |  MONDAY, 27 JUL 2020
Australian Unity has nabbed the Bank of New Zealand's head of private banking, wealth and insurance to lead its retail business, following the resignation of the incumbent. BNZ chief customer officer of private, wealth and insurance Christine Yates ...

Chief economist update: Second wave comes to Japan

BENJAMIN ONG  |  MONDAY, 27 JUL 2020
... May and core inflation to zero from the previous two months' deflation readings of minus 0.2% each. This allowed the Bank of Japan (BOJ) to take a breather, keeping its monetary policy settings and asset purchases unchanged at its July 15 meeting ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Reserve Bank of Australia governor Philip Lowe has said the government will likely need to borrow more money, but warned the central bank will not directly provide funding. Giving his annual address to the Anika Foundation, Lowe stressed that while ...

Chief economist update: BOJ takes breather on stimulus sprint

BENJAMIN ONG  |  THURSDAY, 16 JUL 2020
The Bank of Japan (BOJ) took a breather in July, keeping its monetary policy settings and asset purchases unchanged, promising that: "For the time being, the Bank will closely monitor the impact of the novel coronavirus (COVID-19) and will not hesitate ...

Pendal winds back fees

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%. The Pendal Managed Cash Fund will go from charging 22bps per year to 12bps, while the Pendal Stable Cash ...

Chief economist update: We're all Victorians now

BENJAMIN ONG  |  FRIDAY, 10 JUL 2020
... retail spending in response to the decline in infections and the easing of restrictions in most of the country." Reserve Bank of Australia governor Philip Lowe issued this statement at the conclusion of the central bank's Board meeting on 7 July. ...

Chief economist update: UK plans for jobs

BENJAMIN ONG  |  THURSDAY, 9 JUL 2020
... investors' continued sense of caution amid the lingering uncertainty surrounding the pandemic so much so that the Bank of England (BOE) and the Exchequer remain on their toes. While the BOE kept the bank rate unchanged at a record low 0.1% at its ...