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Showing 891 - 900 of 4737 results for "Reserve"

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. Finance professor Kevin Davis said the government's "early superannuation ...

The bulls are back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... surged about 17%, however it is still down 22% from its February 19 record high. Adding to the upbeat sentiment, Federal Reserve chair Jerome Powell said the central bank stood ready to act 'aggressively' to shore up credit in the market on top ...

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% last week. It comes after Australia's biggest bank, the Commonwealth Bank ...

Cash management account to shutter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... rate five times since January 2019. Earlier this month, Netwealth and HUB24 cut their cash rates to zero following the Reserve Bank's rate cut to 0.50%. At the next rate cut, the two platforms stayed on hold instead of pushing cash management account ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... chart from Factset: In as much as initial jobless claims provide a leading indicator of the unemployment rate, Federal Reserve Bank of St. Louis President James Bullard's prediction that the US unemployment rate could hit 30% in the second quarter ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Dow Jones Industrial Average has posted second day of gains, rising 2.4% after witnessing its best one-day percentage gain since the Great Depression on Tuesday. "Turnaround Tuesday" saw the bourse surging 11.4% or 2112.98 points during trading ...

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Reserve Bank of Australia has injected around $2 billion into state bonds, as it expands its unconventional monetary policy measures. The move comes as a bid to revive the ability of the states, particularly New South Wales and Victoria, to borrow ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... new-found hope repeat the short burst of confidence generated with every cent of stimulus announced by the US Federal Reserve - from an inter-meeting 50 bps cut in the fed funds rate on March 3, followed by 100bps reduction on March 15 (that effectively ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. It comes as the industry responds to Prime Minister Scott Morrison's ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...