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Showing 61 - 70 of 2358 results for "Central bank"

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
... central banks will stop raising rates and then predict the implications for equity markets," he says. He reckons the US central bank is fixated on reading inflation and job numbers and, within its mandate, it will do its best. "So, we need to be honest ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
Australian financial markets have been bracing for a pause in rate hikes, however recent instability has economists recalibrating their view. The coin is being tossed ahead of the Reserve Bank of Australia's (RBA) meeting next month, with suggestions ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
Amid banking turmoil, the US Federal Reserve announced a rate hike to combat inflation. Recent economic indicators revealed modest growth in US spending, production, and strong job gains, with low unemployment and persistent inflation concerns. As such ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... banks have unrestricted access to the SNB's existing facilities, through which they can obtain liquidity from the central bank in accordance with the guidelines on monetary policy instruments UBS chief executive Ralph Hamers said the acquisition ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... 1.1% on the back of that news," he said. The liquidity backstop provided by the SNB was complemented by the European Central Bank. "It did lift interest rates by 50 basis points with the deposit rate of 3%. But we did notice that the forward guidance ...

Link Group agrees to sell BCM arm

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
... transaction is expected to complete in the second half of the year, subject to the Financial Conduct Authority, the Central Bank of Ireland, and the Dutch Authority for the Financial Markets approval. Link Group said its liquidity position remains strong ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
... getting inflation back down to 2% is a long way to go." He said restoring price stability will likely require the central bank to maintain a restrictive stance of monetary policy. "Our overarching focus is using our tools to bring inflation back down ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
Industry super defied the odds by growing its asset pool by 14% at the end of 2022 while other sectors contracted. According to APRA's latest statistics, industry super fund assets reported double-digit growth to reach $1.1 trillion compared to the ...

We did too much: Lowe

CASSANDRA BALDINI  |  FRIDAY, 17 FEB 2023
... Fronting another parliamentary hearing today, Reserve Bank of Australia (RBA) governor Philip Lowe acknowledged the central bank incorrectly predicted rates wouldn't rise until 2024, admitting he's embarrassed. Lowe explained that the pandemic ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... years since high inflation "eroded savings", worsened inequality and "hurt the poor." "Our job as the country's central bank is to make sure that doesn't happen again," he said. "Part of the way we do that is to remind people of the dangers of ...