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Showing 841 - 850 of 3648 results for "Interest Rates"

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... customers whose term deposits had expired into new term deposits. The 'new' term deposits had significantly lower interest rates than available alternatives - for example, at-call accounts." Disclosure requirements, the report concluded, are viewed by ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
... (BOE) favour. It's one of the very few central banks that's forward guiding monetary policy towards higher interest rates (albeit "gradual and limited") at a time when the US Federal Reserve has already cut rates twice (and is expected to do ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... cash rate. The differences between rates paid by new and existing customers, and the disparity between reference interest rates and those actually charged to customers will also be probed. The ACCC said that by holding an inquiry under Part VIIA of the ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... mortgage-backed securities," it said. "These operations were aimed at putting downward pressure on longer-term interest rates. The associated easing in financial conditions then helped to support economic recovery, particularly at a time when the traditional ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... zero (0) in September from 1 in the previous month - below the long-run average of 6. Clearly, lower and lower interest rates are having very limited effect on sentiment, spending and borrowing, justifying RBA governor's Lowe call on his fiscal counterparts ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
... employed by central banks since the Great Recession of 2008, with the Australian Financial Review reporting: "Negative interest rates, central bank lending to commercial banks, purchases of financial assets such as government bonds and "forward guidance" ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time this year - taking the official cash rate down to a record low of 0.75% (with markets expecting another ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... If only the RBA applied the opposite of what central banks around the world were proclaiming, "We need to raise interest rates now to avoid lifting rates by more in the future" during the good times. On 1 October 2019, the RBA announced its third interest ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
... (i) a cut in the interest rate on the deposit facility, (ii) adjustments to the forward guidance on the key ECB interest rates, (iii) the restart of net purchases under the asset purchase programme (APP), (iv) modifications to the modalities of the new ...

Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... general economic uncertainty wouldn't be sufficient to prod businesses and consumers to invest and spend, even if interest rates were cut down to zero or even if you pay them (negative interest rates) to borrow. RBA governor Philip Lowe acknowledged ...